Analyst: If Trump appoints an overly compliant Federal Reserve Chair, the bond market will swiftly punish the United States

Jinse Finance reported that the CEO of hedge fund Picton Investments stated that if U.S. President Donald Trump appoints a Federal Reserve Chair who is seen as overly compliant, the bond market will quickly "discipline" the United States; meanwhile, precious metals remain a good tool for hedging against political volatility. "There is a correlation between the number of posts on Truth Social and the so-called 'debasement trade' in the market, which refers to hedging trades based on commodities such as gold and silver," said David Picton. He was referring to Trump's preferred social media platform.