But on Monday, with stocks faltering and bond markets starting to backtrack, the rally didn't so much fizzle out as move elsewhere: to bitcoin and gold.
As much as these two assets tend to be prized by an overlapping group of people who tend to worry about things like inflation and national debt and de-dollarization, the digital currency also tends to rise when speculation is rampant. For its part, gold is prized when there's chaos, fear, and geopolitical turmoil - and there's a bit of that happening right now.
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