The firm's analysis, which examines the relationship between the S&P 500 and the price of gold, suggests that the market is at a critical juncture.
Historically, the S&P 500 has outperformed gold by around 1.3% annually, reflecting growing economic efficiency. Currently, Gavekal’s efficiency-to-scarcity ratio sits precariously at its seven-year moving average, raising concerns about a potential downturn.They emphasize that similar market signals have preceded previous bear markets, which have resulted in significant declines.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite: