Hartnett: We remain long Bullion and Bonds as "I’m so bullish, I’m bearish" hedges

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comHousekeeping: Good afternoon. Hartnett’s Weekly report is presented 3 ways: 1) Video walk-through with light comments 2) Hartnett’s main points broken out below, 3) and original format at bottom. Enjoy. The Flow Show’s Flow * Between Fed easing and China stimulus inflation will continue taking commods, Gold with it* Stocks are overvalued, US stocks even moreso* Commod. and Gold underweighted by investors despite being strong* If the stock rally continues, EM will be the play relative to US* If, however, recession risk rises (see China longbond chart) , US Bonds will be the play.. tech will suffer and so will gold somewhat* If Bonds get crushed, long Gold and short Tech* Hartnett: We remain long Bullion [rate cuts and inflation] and Bonds [hedging mkt crash risk]Hartnett Flow Show: Top of The WorldWall St conviction trades are 1. long gold (inflation & populism hedge), 2. long tech (AI), 3. short 30 year Treasuries—Michael Hartnett