1.Global Equities have been surging -- and here's one of a few key reasons why 👇
Globally we've seen a big pivot to easing by central banks, and basically what I would call a non-recessionary rate-cut-rush.
(bullish!)
2.Absolutely catastrophic run in energy stocks vs gold miners...
(but you always want to pay attention when extreme moves like this unfold e.g. see what happened last time a move like this occurred) $S&P 500(.SPX)$ $Gold - main 2602(GCmain)$
3.We’ve seen a generational up-shift in US equity allocations and valuations.
It would be difficult to see either of these lines move further higher, the best case is probably just a new higher plateau…
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