Thursday, April 11, 2024 | 5:50 PM - 6:15 PM EST

Soft Landing or the Reset of a Lifetime?

The S&P 500, gold, and Bitcoin ended Q1 at record highs and the rest of 2024 may be about which of these takes the performance medal. Gold is the only major commodity making new highs while the rest may be tilting toward global deflationary recessionary trajectories, along with government bond yields, putting an inordinate burden on the US stock market to keep going up. 

Mike McGlone
Senior Macro Strategist
Bloomberg Intelligence

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