But now, the side effects are knocking:
• Gold outperforms the S&P
• Bitcoin hits all-time high again
• Treasuries experience worst decade in 200 years
• Crypto ETF crushes institutional flow
• Fed stalls
• And insiders bail out of Nvidia
- Gold > US stocks🏅 Over the past 25 years, the gold ETF (GLD) has appreciated +596% The S&P 500 with dividends (SPY) has delivered +556%
That's right: in the era of big tech and infinite QE, gold has beaten stocks.
There's something very wrong (or very right) here.
- The interest rate cut has become a mirage
A few weeks ago, the market saw a 94% chance of a cut in September.
Now, it's only 60%.
The Fed is stuck: inflation, debt, and geopolitics have blocked the pivot.
And meanwhile, real interest rates continue to crush everything.
- The Greatest Treasury Collapse
US 10-Year Bonds Are on Track for the Worst Decade in Modern History
📉 Nominal Returns Near 0%
Neither war, nor pandemic, nor the 1980s have caused anything like this.
This is the collapse of the safest asset on the planet.
- Intelligent money migrated to crypto
Blackrock's Bitcoin ETF ($ Ibit) was the fastest in history to reach $ 80 billion
⏱️ Did this in 374 days
📊 Flight (ETF do S&P) took 1,814 days
The market understood what the game is.
6: And today Bitcoin broke through the peak.
🚨 For the first time in history, BTC hit $119,000.
The $120,000 barrier is now in sight.
It's no longer possible to ignore the asset that has become a safe haven in times of distrust regarding the dollar and the US Treasury.
- Meanwhile… Nvidia suffers an internal exodus
Since the beginning of June, $720 million in Nvidia shares have been sold by insiders.
Jensen Huang, CEO alone, sold more than $150 million.
Important counterpoint here: there's a huge chance the sales were just to "pocket" the unrealistic stock appreciation of recent years. 👀
8: In summary, look at the map of the turnaround:
• Gold outperforming the US stock market
• Bitcoin breaking records
• Crypto ETF attracting capital the fastest in history
• High interest rates for longer
• Treasuries turning to dust
• Insiders bailing out
This cycle is not like previous ones.