Commodities are currently undervalued vs. equities
Source: Vontobel
Just a friendly reminder that experts are not always right
Source image: Michel A.Arouet
Have a look at the yearly Gold Forecast based on Bloomberg:
Highest forecast for 2024: 2,260, Median: 2,050 Highest forecast for 2025: 2,220, Median: 2,050 Highest forecast for 2026: 2,280, Median: 1,887 Highest forecast for 2027: 2,350, Median: 1,807 Consensus doesn't look optimistic at all on gold. We are far from bubble territory. Is the bull market just starting? Source: Ronnie Stoeferle
Just In: Gold rising to new all-time highs above $2,400 per ounce
for the first time in history.
The S&P 500's performance has been truly outstanding this year.
The index is up 9% year to date which is more than DOUBLE the average YTD return in an election year. In the past, the median return during a US presidential election year was about 11%. There are still several months until the presidential election but the index is on track to significantly exceed its historical performance. Source: The Kobeissi Letter
What is it this time?
Source: www.zerohedge.com
BREAKING 🚨: St. Louis Commercial Real Estate
The Former AT&T Building in St. Louis just sold for $3.6 million. In 2006, it sold for $205 million. A total loss of more than 98%. Source: Barchart
Price increases over last decade...
McDonald's: +100% Popeyes: +86% Taco Bell: +81% Chipotle: +75% Jimmy John's: +62% Arby's: +55% Burger King: +55% Chick-fil-A: +55% Wendy's: +55% Panera: +54% Subway: +39% Starbucks: +39% US Government Reported Inflation (CPI): +31% Source: Charlie Bilello
