Good Reads
National debt surpasses $38 trillion milestone
New data from the Treasury Department released on Wednesday showed that the gross national debt reached $38,019,813,354,700.26. The $38 trillion milestone comes a little over two months after the US national debt reached $37 trillion for the first time in mid-August, and less than a year after the $36 trillion threshold was breached last December. Read on »
From FOMO to fear of margin calls: gold’s wild ride enters new stage
Having achieved so many major milestones, bullion saw a 5% sell-off on Tuesday in the steepest daily fall for five years, driving the market’s relative strength index, which measures the magnitude of price changes, to “normal” from “overbought” for the first time in seven weeks. Read on »
The New Normal: Cash, Precious Metals, and then Crypto
With a handful of mega-cap tech and AI stocks at the top of the S&P 500 Index dominating the U.S. market in a way without historical precedent, portfolio concentration risk has taken on a new form for investors long told to follow some version of Warren Buffett’s stock advice to “never bet against America.” Read on »
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