BofA: Gold Investors Are Long AI, Gold And Short Chinese Assets

In the newest BofA securities research, we gain insights into different asset gains, trends, and what investors expect in the future.

The new analysis brings in the YTD performances of individual assets which are as follows:

• Gold - 28.9%
• Crypto - 24.6%
• Stocks - 18.8%
• High-yield bonds - 8.5%
• Investment grade bonds - 5.4%
• Cash - 4.0%
• Commodities - 2.3%
• Government bonds - 1.9%
• US dollar - -0.7%
• Oil - -5.8%.

Recent trends including Fed and oil crashing and China inflating are pointing to a bubble dream. If the stimulus coming from China doesn’t provide enough, the geopolitical risks are going to soar. Important to note is that 43% of the S&P 500 market cap is currently under...