Gold ETF demand rises, with Chinese buying surging and nearing exhaustion
Gold outperforms stocks and bonds over 10 years, with long term strength persisting
US bond yields stay contained, supporting equity rally into 2026
Investor sentiment is neutral, suggesting the bull market is not yet euphoric or ending
Record cash balances suggest equity melt-up potential over a melt-down
S&P CAPE at extreme levels signals caution but timing remains unreliable
Short-term inflation expectations tick up, but long-term measures remain stable, keeping the Fed relatively relaxed
Global shipping costs fall, suggesting a calmer inflation backdrop despite tariff risks ahead
