Piotr,
The market does not always behave normally or according to history.
Sometimes the market just moves how it wants.
Another strange sign that someone knows something:
Gold is up ~20% over the last 5 months and has DOUBLED the S&P 500's return.
Meanwhile, bonds are down nearly 9% as interest rate cuts are priced-out.
Historically speaking, gold and bonds have almost always traded together.
There is now a ~30% GAP between the performance of gold and bonds, one of the 5-month divergences largest on record.
Gold is completely ignoring the fact that higher interest rates are here to stay while bonds are getting crushed.
Why is there a global rush for gold when we are on track for a "soft landing?"
It simply doesn't add up.
The best way to invest is to put your own view on the market.
Regards
James
