According to The Kobeissi Letter, gold has outperformed stocks over the past 20 years with a 620% increase compared to a 580% gain in the S&P 500. In the last 9 months, gold has surged by over $1,000/oz, indicating potential economic concerns. Traders are advised to consider gold as a hedge against market volatility.

According to The Kobeissi Letter, the Dow Jones Industrial Average has experienced a significant decline, with a 2-day loss surpassing 3,000 points. Traders should closely monitor market reactions as this substantial drop could signal broader economic concerns or potential shifts in investor sentiment. The decline in the Dow may affect correlated asset classes, including commodities and bonds, as investors reassess risk exposure and portfolio allocation.

According to @KobeissiLetter, unemployment expectations in the US have surpassed 2020 levels, reaching their highest since 2008. A 2024 poll revealed that 56% of Americans believe the US is in a recession, sparking debates on whether the US is heading towards a recession.

According to @KobeissiLetter, unemployment expectations in the US have surpassed 2020 levels, reaching their highest since 2008. A 2024 poll revealed that 56% of Americans believe the US is in a recession, sparking debates on whether the US is heading towards an economic downturn.