The US stock market, led by S&P 500, Dow Jones, and Nasdaq, continues to set records despite a 40% increase since Biden took office. Gold prices surged to $2,470/ounce alongside a strengthened dollar, contrary to conventional economic explanations.
Economists struggle to explain the discrepancy in booming equities and gold prices, given factors like the decline in Vix volatility index, rise in interest rates, and normal economic indicators predicting a downturn. The sudden emergence of artificial intelligence technologies in late 2022, impacting tech stocks like Nvidia, adds complexity to the analysis.
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