"The implication is that the Fed may not automatically want to raise interest rates to squeeze out oil-fuelled inflation-and stock buyers love low rates."
"The worst asset was gold, which lost 15% of its value after an unsustainable run-up."
"Griffin feels the regime of tariffs 'encourages crony capitalism,' and 'CEOs have to stomach going to D.C. and sucking up to one administration.'"
Oil prices decreased to $106, and the S&P 500 index closed down 0.34%. Futures rose 0.95% after Fed chair Jerome Powell's remarks suggested caution regarding interest rate hikes. Stocks experienced their worst quarter in four years, while crypto emerged as a surprisingly strong asset compared to gold. Citadel's CEO Ken Griffin is building a significant tower in Miami and has criticized Trump's influence on business leaders, despite supporting some of his policies.
Read at Fortune
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