Tech Booms, Gold Returns, Foreign Money Floods In: What’s Really Driving Markets?
1.Tech share of total S&P500 $S&P 500(.SPX)$ corporate capex has reached new all-time-highs. 👀
Bubble or boom, this is extreme.
2.After spending ~20-years dumping Gold $Gold - main 2602(GCmain)$ (in the 90's/00's), Central Banks have spent the last 15-year undoing their previous mistake...
Reserves Diversification remains a key driver in the modern Gold bull market.
3.A major secular tailwind behind US Equities has been the rise and rise of foreign stockholders.
I'd call this a strength, a potential weakness, and a reflection of multiple facts-of-life in modern markets.
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