Gold is Good, Bubbles are Bad

This week Real Vision use Refinitiv's best-in-class data to look at how bond yields are reflecting the growth outlook whilst equities reflect the flow. This is an environment that favours a break-out to new highs by gold. US real yields have been falling and this has been very supportive over the last few years. The Chatter looks at the resilience of assets to an increase in COVID cases, but that resilience does not extend to the real economy of small businesses. The Whisper looks at the data on the data and how retail investors are engaging with markets.