Gold Though!
From On The Markets · 31:47
Show by 707 Media
Yeah yeah yeah, tech stock tech stock tech stock, what about GOLD though? That's what Daren's been thinking this year. This week On The Markets, SWA Principal Daren Blonski and Chris Sipes look at:• The continued rise of gold in 2024. Daren posits that geopolitical tensions and the election may have some large banks heaping up on gold due to doubts about the US Dollar.• And yet don't panic yet, the United States holds 31% of the WORLD's total wealth, more than any other single country. China's in second, but holds only 19%.• What boarding pass scans from the TSA at airports tells Chris about the economy.• If this year has been feeling like a roller coaster in the market, that's because 15 of the 20 all time largest single day market cap swings have all been *this year* (see below).Full video available on our YouTube Channel: https://youtu.be/9uWKGWKF1pITake Sonoma Wealth's Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysisCHAPTERS0:00 Intro: Gold Though?1:08 Nvidia and 2024's Historic Market Cap Swings3:51 Housing Market and Mortgage Applications Hit 1994 Lows5:37 Inflation, PCE, and the Fed's Rate Cut Path8:32 TSA Data and Early Recession Signals11:18 China's Stimulus Package and Global Markets13:44 Market Leadership Shift: Small Caps vs. Mega Caps17:55 Druckenmiller's Take on the Stock Market19:42 S&P 500 Weekly Recap20:57 Gold Market Update: Overbought Territory23:24 Bitcoin and Crypto's Flight to Safety25:18 Oil, Geopolitics, and the War in Ukraine27:28 Yield Curve, VIX, and Recession WatchReferences:https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q1-2024/central-bankshttps://www.visualcapitalist.com/all-of-the-worlds-wealth-in-one-visualization/https://www.tsa.gov/travel/passenger-volumeshttps://www.investopedia.com/terms/i/invertedyieldcurve.asp
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