gold , bitcoin hit all time highs as of dec 1 2023

gold and bitcoin hit all time highs on Dec 1 2023

sign of things to come ?

jerome powell , the chairman of the federal reserve , as usual said , we are not done with rate hikes and more could be done later in the cycle

but the us dollar fell , gold rose to an all time high of us dollars 2090 per ounce and bitcoin touched 39,000 dollars

so why is this happening ?

as per our view , the stock market thinks that the job market is weakening , credit card debt in the usa is touching an all time high – meaning that people are not able to pay their bills and using credit cards to survive

so , they are pricing in a rate cut somewhere in march or june 2024 ..

the stock market can see what is coming – six months in advance