Monday was predictable.
Dat’s yo’ word, son?
“…what is driving gold more at this point of the cycle? Is it the US dollar, or real yields? Has gold disappointedly not risen as high as the bulls would like given the US dollar weakness? Or has gold not declined nearly as much as the bears would have expected given the run-up in real yields?”
Things no one knows about.
That didn’t go so well.
Got all of that?
“I don’t… nobody knows what’s going on.”
If this were a reality TV show, the ratings would indeed be “tremendous”.
It was only fitting that the quarter should close in dramatic fashion for U.S. equities.
It should be fine. Really.
…so buy that dip!
And look, if all of that isn’t enough to give you some confirmation bias when it comes to your propensity to be enamored with yellow rocks, then just ask the guy in the picture.