Paradigm Shift: Sell-off in U.S. stocks Weakened, Gold shines as U.S. debt is challenged
@HONGHAO:
Keypoints:U.S. stocks, U.S. bonds, and gold: The Jackson Hole annual meeting revealed the divergence of global central banks and the uneven pace of the global economic cycle. U.S. bond yields soared to new highs in 2008 and parted ways with gold prices. A Paradigm shift is quietly kicking off, but the recent wave of selling in US stocks has weakened. The attractiveness of U.S. debt may decline, and gold will shine brightly. $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $Gold - main 2312(GCmain)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ ASIA STOCKS: Chinese markets have long understood stamp duty cuts and their implications. T