‘Somebody has it wrong’ on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says
Oil, gold and Treasurys diverge on U.S. recession risk: Livermore'''s Neuhauser
Markets are confused over the risk of a recession hitting the U.S., and “somebody has got it wrong,” according to hedge fund manager David Neuhauser.
Falling oil prices and rising gold prices indicate growing recessionary fears — but 10-year Treasury yields jumped on Friday amid hopes of a soft landing.
The CIO of Livermore Partners said: “Somebody has it wrong here, is what I’m trying to tell you. ... It’s hard to describe who has it [wrong] yet.”
Oil, gold and Treasurys diverge on U.S. recession risk: Livermore'''s Neuhauser