Charts: BOA’s Ten Surprises for 2024
Authored by GoldFix ZH Edit
Comment: If Number 9 happens, as it did when SVB went under and in October of ‘23, then gold will resume its rally. That is also when we likely see YCC formally announced, which forces the USD lower and puts more buyers into Gold
1. High bond taxes push investors back to stocks
2. Companies survive 5% rates without a surge in bankruptcies
3. IPOs come roaring back
4. The worst developed market of the past 40 years is this year’s best
5. Suddenly, geopolitical risk is factored into the Magnificent Seven
6. Biotech & pharma push to record highs
7. Investors get pragmatic about energy
8. One path to 2% inflation, one hundred paths to 5%
9. Government debt buyers demand a premium
10. Investors fall in love again with free markets
Continues here