ANDIKA BULLETin 7 NOV 2024
'Trump Election Quake' Sparks Greatest Post-Election-Day Stock Market Gain In History. The # 1 Investment to own during Trump's 2nd Term
Seems the US mkt over the last week and a bit is being driven by another short squeeze...
And the USD has also enjoyed (so far) an uninterrupted run higher (AUD lower now $0.666 US cents)
And despite the dollar strength, gold rallied up to a new closing record high of USD$2,689.70 (now over AUD$4,000 per ounce!)
Which makes this chart even more interesting.
That's quite a 'decoupling' between gold and the greenback wouldn't you say?
Meanwhile, Bitcoin continues to rip (Trump victory?), topping USD$68,000 overnight for the first time since July.
That makes Bitcoin worth over AUD$102,000 per token!
Lastly (and worryingly) USA sovereign risk has surged to its highest in a year.
and yet the Mkt doesn't seem worried one bit!
Happy Thursday!
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