According to The Kobeissi Letter, as equities have entered a bear market, there's a notable shift in capital towards gold, which is now considered the only global safe haven asset. This shift reflects a decline in the desirability of US bonds as a secure investment option.

According to The Kobeissi Letter, as equities have entered a bear market, gold has become the primary global safe haven asset. The report highlights a significant capital inflow into gold, contrasting its performance against stocks since 2020. This trend reflects a shift away from US bonds, which are not currently in high demand.

According to Edward Dowd, analysis of crypto, ES futures, Nikkei, and US bonds indicates a challenging day for risk assets, suggesting potential downturns in these markets (source: Twitter @DowdEdward, February 28, 2025).

According to The Kobeissi Letter, the usual inverse relationship among US bonds, gold, and the US Dollar has diverged significantly since late July. Gold prices have surged approximately 24%, while the US Dollar has increased by about 2% and the 10-year note yield has risen around 8%. This change is attributed to market adjustments for ongoing deficit spending and anticipated inflation.

According to The Kobeissi Letter, the traditional relationship between US bonds, gold, and the US Dollar has diverged significantly since late July. Gold prices have surged by approximately 24%, whereas the US Dollar has increased by around 2%, and the 10-year note yield has climbed by 8%. This shift is attributed to markets anticipating prolonged deficit spending and inflation, impacting trading strategies in these assets.