A mixed performance for precious metals, with gold facing headwinds and silver suffering from a sell-off; Euro equities in risk-off mode: Oil weighs on CAD
For years gold has been seen as the safe haven investment, but with a lot of uncertainty in the world today, is it still seen as a smart investment?
Even as the hunted turn hunters, it doesn't alter the long-term narrative where caution still reigns
The tides of US stimulus raising all boats also provides a significant risk-on accelerant
Fears of further market deleveraging and stock dramas in the US merge with mutant coronavirus variants to offset some global vaccination drive results
With stimulus in the air and the VIX market fear gauge falling, there’s less urgency to de-risk and more comfort for folks to spread their "risk-on" wings
US January employment report is near perfect from a market point of view, justifying full-throttle stimulus from both monetary and fiscal concerns