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US Assets Underperforming Unusually
- US stocks and bonds are underperforming, deviating from normal safe haven behavior.
- The US dollar is weakening despite inflation concerns, showing unusual market dynamics.
Gold Rises as Fear Gauge
- Gold's price surge indicates high market fear rather than inflation hedge utility.
- Speculative momentum also contributes to gold's rise as it remains the only strong-performing asset.
US Bonds and Dollar Break Norms
- Typically, US government bonds rise and dollar strengthens in crisis, but not now.
- This anomaly resembles how weaker countries’ bonds and currencies behave during economic troubles.