Most investors have little to no gold in their portfolio.
There might be a movement to remonetize gold.
We don't know what the next bull market will look like. The tariffs change every day.
70% of products sold on Amazon are sourced from China. What happens in a couple months when the inventory is empty?
Volker raised rates even while economy was going into recession. You don't cut rates, if you're the Fed, since that.
65% of trade in Europe is with Europe. They'll focus on prices, and services, said Lagarde at CNBC.
There's a lot of saving in Europe, Germany, so when they go to do military and infrastructure, they have money for that.
Lagarde said (for Europe) definitely reduced growth, in Europe and elsewhere, but inflation she wasn't sure because if US goods decrease, China goods might increase. China will have oversupply of goods.
Why doesn't Europe have a chatGPD or Apple or Meta? There wasn't focus on productivity, and also the ecosystem so vibrant in the US (equity, venture, university innovation) are conditions that can be replicated so maybe they can do that.
Europe is the first trading partner with 72 countries. They're going to activate those trading relationships.
When the dust settles, people are going to look around for where they'll get the best return on their money, and that likely will be the US.
Gold might be in a ‘frenzy zone.’
Trends for Mag7 are bearish. Some sellers 'frenzy' in Nvidia. Change in way of thinking about semis, from being defensive so buying semis, to now people trying to profit on the downside.
‘To keep longer-term inflation expectations well anchored.’