Daily Charts - Stocks, Gold & Bonds

1."Don't worry, stocks and bonds *almost never* both fall at the same time"

1931, 1969, 2022: 👺

Not a reason to discard stocks or bonds, and especially not a reason to discard asset allocation, but certainly a prompt to be more clever about diversification efforts and investment process... 🤓 $.SPX(.SPX)$ $.IXIC(.IXIC)$ $.DJI(.DJI)$

Because interest rates usually go down in a garden variety recession... I think bonds still have a role to play in diversification, but also there will be trading opportunities (in either direction)

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2.Gold & Bonds: a curious thing in common...

In recent times gold and bonds have had a tendency to follow similar price cycles, with market bottoms echoing

--and there's a very good reason for this: $Gold - main 2502(GCmain)$ $iShares 20+ Year Treasury Bond ETF(TLT)$

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3.Not to alarm you, but...

The S&P500 earnings yield vs cash rate indicator is doing something it last did during the past 2 major stockmarket peaks

(not a prediction, but one heck of an ominous observation I would say 🫣 )

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