Phase 1 - No Big Deal?

The US and China have signed a hard-fought agreement to halt their trade war, ushering in a fragile truce between the world’s two largest economies after months of confrontation. Now that it's been signed and sealed, will this clear the cloud over global growth?

On another note, the co-chief investment officer of Bridgewater Associates, the world’s biggest hedge fund, says gold could surge to a record high above $2,000 an ounce as central banks embrace higher inflation and political uncertainties increase. Does Vishnu concur with this concerning sentiment?

And speaking of the central banks, demand for longer-term Federal Reserve liquidity flared up again with the Federal Reserve Bank of New York intervening twice via repurchase agreements, or repos. Why is this short term liquidity crunch still happening?