Daily Report : IPO market is nearing records; Leading up to its recent tumble, gold shot far ahead of fundamentals

The IPO market is heating up again. The total amount raised in new issues might exceed prior records. The amount that stocks are popping on their first day of trading is on pace to exceed most other years, outside of the 1999-2000 bubble. There have been 8 "doubles" so far in 2020, and it's only August.; Over a 50-day span, gold rallied more than 20% while real 10-year interest rates tumbled. The two have a tight inverse relationship, but that was a very large rally for that level of decline in rates.

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