[Analyst: If Trump Appoints an Overly Compliant Fed Chair, the Bond Market Will Quickly Punish the U.S.] According to a report by Jinse Finance, the CEO of hedge fund Picton Investments stated that if U.S. President Donald Trump appoints a Federal Reserve Chair perceived as overly compliant, the bond market will quickly 'discipline' the U.S.; 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 gold, silver, and these commodity-based hedging trades,' said David Picton. He was referring to the social media platform favored by Trump.