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
