Our frustrating June looks to end about how it began...with every datapoint being utilized as rationale for another fed funds rate hike. Today brought the final guess at Q1 GDP and, though it measures a quarter that ended 90 days ago, the data was used to spike the POSX and pummel the Comex precious metals.
If you'd like to read all about this latest fiasco, here's a summary post from ZH: https://www.zerohedge.com/markets/q1-gdp-unexpectedly-revised-sharply-hi......
