Gold Though!

Yeah yeah yeah, tech stock tech stock tech stock, what about GOLD though? That's what Daren's been thinking this year. This week On The Markets, SWA Principal Daren Blonski and Chris Sipes look at: • The continued rise of gold in 2024. Daren posits that geopolitical tensions and the election may have some large banks heaping up on gold due to doubts about the US Dollar. • And yet don't panic yet, the United States holds 31% of the WORLD's total wealth, more than any other single country. China's in second, but holds only 19%. • What boarding pass scans from the TSA at airports tells Chris about the economy. • If this year has been feeling like a roller coaster in the market, that's because 15 of the 20 all time largest single day market cap swings have all been *this year* (see below). Full video available on our YouTube Channel: https://youtu.be/9uWKGWKF1pI Take Sonoma Wealth's Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis CHAPTERS 0:00 Intro: Gold Though? 1:08 Nvidia and 2024's Historic Market Cap Swings 3:51 Housing Market and Mortgage Applications Hit 1994 Lows 5:37 Inflation, PCE, and the Fed's Rate Cut Path 8:32 TSA Data and Early Recession Signals 11:18 China's Stimulus Package and Global Markets 13:44 Market Leadership Shift: Small Caps vs. Mega Caps 17:55 Druckenmiller's Take on the Stock Market 19:42 S&P 500 Weekly Recap 20:57 Gold Market Update: Overbought Territory 23:24 Bitcoin and Crypto's Flight to Safety 25:18 Oil, Geopolitics, and the War in Ukraine 27:28 Yield Curve, VIX, and Recession Watch References: https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q1-2024/central-banks https://www.visualcapitalist.com/all-of-the-worlds-wealth-in-one-visualization/ https://www.tsa.gov/travel/passenger-volumes https://www.investopedia.com/terms/i/invertedyieldcurve.asp