INVESTORS LONG THE WRONG GOLD, FED’S WALLER THROWS COLD WATER ON THE STOCK MARKET RALLY
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
The Wrong Gold
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart compares SPY with bitcoin, gold ETF GLD, India ETF EPI, and Hong Kong ETF FXI. Often, it is helpful to visualize the comparison between different assets.
- The chart shows that many investors are long the wrong gold – over the last two years money has been flowing out of gold and into bitcoin and other cryptos.
November 14, 2022