Debasement Trade propels Gold, Silver and Bitcoin as investors flock to the perceived safety of real assets while pulling away from major currencies.
The Yen tumbled on Monday as pro-stimulus lawmaker Sanae Takaichi was set to become Japan’s next PM. The dollar, which has weakened about 30% against Bitcoin this year, remains under pressure as the US government shutdown drags on. The euro has its own problems w/fresh political uncertainty brewing in France. Source: Bloomberg, HolgerZ
Warren Buffett's 6 rules for money
Source: Investment Books (Dhaval) @InvestmentBook1
As pointed out by Tavi Costa, mining stocks, despite their strong recent performance, are actually LESS expensive than before.
Indeed, P/E ratios have actually contracted, a sign that earnings are growing faster than share prices. ➡️ If gold prices hold steady or move higher, these companies could post some of the highest profit margins in the industry's history…. Source: Tavi Costa, Bloomberg
Foreign holdings of US equities have crossed above $20 trillion, a record high.
30% of the total US stock market is now held by foreign investors, the highest percentage on record with data going back to 1945. Source: Charlie Bilello, Bloomberg
Warren Buffett's Financial Statement Checklist
Source: Compounding Dividends @CompoundingW on X
What moves stock prices:
Source: Brian Feroldi
Per this CNBC reporting, the strategy favoring gold and Bitcoin now has a name: J
Morgan analysts are calling it "the debasement trade." Source: Mo El Erian
US technology stocks now account for a record 56% of total US stock market cap.
At the same time, defensive stocks make up just 16%, AN ALL-TIME LOW. This has NEVER happened. Source: Global Markets Investor, Topdown charts
