$Gold - main 2406(GCmain)$ has been on a tear lately, reaching new highs. While this might sound positive, it could foreshadow some bumps in the road for the stock market. Here’s why. Gold Futures Gold is often seen as a safe haven during economic uncertainty. Investors flock to gold when they're worried about stocks, bonds, or the overall health of the economy. So, a rising gold price could signal that investors are growing anxious. When gold goes up, it becomes a more attractive investment compared to stocks. This can entice investors to move money out of stocks and into gold, potentially dampening the stock market's momentum. It's important to remember that correlation doesn't always equal causation. Just because gold is rising doesn't guar
CPI 3.5%! Expect 2 or 3 Rate Cuts in 2024?
March headline CPI is 3.5%, higher than estimates of 3.4% and also the highest since September 2023. Core CPI is 3.8%, higher than estimates of 3.7%. Goldman Sachs expects only two rate cuts this year, with the first in July and the second in November. ------------- How do you expect rate cut in 2024? Will S&P start to pullback after hot inflation data? What's your target?
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