Bonds reveal rising inflation and economic weakness risks; Gold outperforms S&P 500.

The bond market does not believe the Fed.

Bonds signal inflationary and economic weakness risk is rising.

via Bloomberg

Stagflation…

— Northstar (@NorthstarCharts) October 12, 2024

Gold beats the S&P 500 this year as investors discount more currency destruction

Graph via Bloomberg pic.twitter.com/kf7nV9VhvZ

— Daniel Lacalle (@dlacalle_IA) October 11, 2024