Gold has been truly one of the GREATEST assets over the last few years, widely outperforming the S&P 500:
🔴 1-year performance: Gold +41% S&P 500 +21% 🔴 3-year: Gold +59% S&P 500 +34% 🔴 5-year: Gold +84% S&P 500 +80% Source. Global Markets Investor
Valuation of Public Companies with Market Caps Over $10B
The gap between European and U.S. equities continues to widen. While U.S. stocks trade at historically high valuations, their European counterparts lag significantly behind. source: A.Arouet
The US economy has been driven by a massive DEBT BUBBLE: In 2024, to generate 1 unit of GDP growth it took $3.8 of national debt...
In Q4 alone, it took $5.8 of debt to create $1 of economic growth. If not for the huge debt, the US economy would have been in a recession. Source: Global Markets Investor
GS: Short interest in $TLT is near century-highs
Source: Mike Zaccardi, CFA, CMT, Goldman Sachs
Fascinating
Source: @Callum_Thomas via Jan Nieuwenhuijs
Federal Reserve's Reverse Repo Facility is plummeting
QE & money printing might start aggressively when this drains to 0 Source: Quinten | 048.ethm@QuintenFrancois, Bloomberg
Investors are pulling out money from ESG funds at a record pace:
US Environmental, Social, and Governance (ESG) funds posted a record $20 billion of outflows in 2024. This comes after an $18 billion outflow in 2023 and just $3 billion of inflows in 2022. Furthermore, a record number of funds have removed ESG and related phrases from their names last year. January 2022, the S&P Global Clean Energy Index has dropped 46%. ESG themes are underperforming. Source: Bloomberg, The Kobeissi Letter
Most famous laws in the world
Source: Seek Wiser
