Gold could be headed toward $7,000, according to Larry McDonald @Convertbond But his thesis goes far beyond the gold priceThe U.S. is confronting a roughly $40 trillion debt burden, and McDonald argues the way out is financial repression: keeping interest rates below inflation…
“Treasury has some tricks up their sleeve around protecting the bond market... I call it Bessent's bag of tricks”, Larry McDonald @Convertbond says.
With the bond market heavily beaten down, McDonald believes Treasury could take steps to push yields lower.
AI is moving beyond routine automation, with highly trained professionals like accountants, radiologists, and cardiologists potentially facing job displacement.
Even though fiat currencies are expected to lose purchasing power over time, Brent Johnson of @SantiagoAuFund. says that doesn't mean investors should abandon cash altogether.
His argument is that cash can provide flexibility when markets experience a dislocation.
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Earnings recap today:
Google:
• Revenue: $119.8B vs $116.9B est ✅
• EPS: $9.11 vs $2.89 est ✅
• $GOOGL down 3% ❌
Tesla:
• Revenue: $28.24B vs $26.32B est ❌
• EPS: $0.33 vs $0.51 est ❌
• $TSLA down 4% ❌
S&P 500 showing more signs of weakness in the charts.
And August & September are typically two of the worst months for stocks.
Keeping cash ready for better buying opportunities.