Treasury Bonds have gained strength

Legendary investor Bernard Baruch once said, “Show me the chart, and I’ll tell you the news.” That timeless wisdom still applies – markets often signal economic shifts before the headlines do. Here’s what stocks, bonds, gold, and Bitcoin are hinting at right now:

Stocks: The S&P 500 looks pressured, suggesting a potential slowdown in earnings, economic growth, and rising unemployment.

Bonds: U.S. Treasurys are rallying, signaling lower inflation expectations and the possibility of rate cuts ahead.

Gold: Its strong uptrend suggests investors still anticipate some inflation, though perhaps not a steep drop in prices.

Bitcoin: Sideways action for Bitcoin points to no imminent extreme economic stimulus (like quantitative easing, aka “money printing”).

Together, these assets paint a picture of an upcoming economic slowdown, moderating inflation, and lower interest rates—but don’t expect major central bank stimulus until Bitcoin wakes up.

Let's see if the charts turn out to be right this time.