Mike McGlone on LinkedIn: #gold
Gold Set to Rise vs. Stock Market If LEI a Guide Gold has appreciated about the same as the S&P 500 (SPX) since 2018, when the Conference Board's leading…
Mike McGlone
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"Gold Set to Rise vs. Stock Market If LEI a Guide
Gold has appreciated about the same as the S&P 500 (SPX) since 2018, when the Conference Board's leading indicators index (LEI) peaked at about 7%, but now it's minus 7.6%. LEI and Bloomberg Economics' recession outlooks could be wrong, but the potential for a more severe delayed contraction may give the metal an upper hand in 2024."
The full report is on the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/s4ziu4dwrgg0 {BI COMD}
Bloomberg Intelligence
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