SentimentEdge report

Jason Goepfert

1-23-2023 at 9:30 am

The S&P has soared since October but gold has done even better

Despite its reputation as a safe haven, gold has actually outpaced the S&P 500 since stocks bottomed in October. This is the first time in history that gold's return beat the S&P's more than three months following a low. When gold showed a positive return following a bottom in stocks, it tended to lead to more gains for both.

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