Macro Fundamental - Page 4

This chart is tracking one very specific thing, but it says a lot about the bigger market story. It shows the share of total ETF assets that is allocated to gold ETFs.

This chart is showing something surprisingly important. Gold is still a very small piece of global investable wealth. The gold line tracks gold’s private investment share of global equities and bonds over

This chart shows one of the most important shifts in modern markets, and it is hiding in plain sight. Back in the early 1990s, Materials and Energy made up a much larger