Gold is a special asset that behaves differently to equities, bonds, commodities, and cryptocurrencies, making it a perfect diversifier to a portfolio.
The 2024 election cycle has the potential to be extremely decisive, with geopolitical tensions remaining elevated, and as we witness both growing polarization and continued economic uncertainty.
As we look back at our best and worst calls of 2022, it's clear that we got more correct than not. However, I wish we were more emphatic about some of them.
The stock market experienced solid gains last week, concluding the trading week on a positive note, thanks to robust corporate reports and favorable inflation news.
At the beginning of the week, stocks surged, anticipating fourth-quarter corporate updates from tech companies and the Federal Reserve's two-day policy meeting; this led to the S&P 500 Index reaching a new record high on Monday.
Powell reiterated that he doesn't think the Fed will cut rates at its March meeting, signaling that mid-year would likely be a better time to introduce a cut, citing the need for more data to illustrate that recent gains in controlling inflation aren't transitory.
The Fed's recent actions have led to a reevaluation of what it means to 'fight the Fed,' and it's crucial for investors to understand the difference between a trading opportunity and an investable rally.