Quick snapshot of YTD returns across major asset classes:
$SPY +2.8%
$QQQ +0.9%
$IWM +0.3%
Gold +11.2%
Bonds (AGG) -0.8%
Bitcoin +6.1%
Gold continues its run while equities are basically flat after the January volatility. Bonds still slightly negative as rate uncertainty persists. The usual story: when you're unsure about macro, gold wins.
Nothing here suggests conviction in any direction yet. Market's still digesting what happens next with rates and earnings.
$SPY +2.8%
$QQQ +0.9%
$IWM +0.3%
Gold +11.2%
Bonds (AGG) -0.8%
Bitcoin +6.1%
Gold continues its run while equities are basically flat after the January volatility. Bonds still slightly negative as rate uncertainty persists. The usual story: when you're unsure about macro, gold wins.
Nothing here suggests conviction in any direction yet. Market's still digesting what happens next with rates and earnings.