25 July 2024
The U.S. stock market, gold prices, and the dollar have all been soaring simultaneously, defying traditional economic explanations.
While factors such as AI advancements, geopolitical uncertainties, and monetary policy expectations have been suggested as reasons, none fully account for all three trends. The most plausible explanation appears to be the robust U.S. economy, which has consistently outperformed expectations, driven by strong consumer demand and government economic initiatives.
This economic strength has fueled demand for U.S. assets across the board, leading to the unusual concurrent rise in stocks, gold, and the dollar.