Gold and bitcoin go through the roof while the American closure requires investors to exchange in the darkness
There is a 67% chance that the closure of the American federal government lasts more than 10 days, according to Bettors on Polymarket – and for the merchants of actions that will resemble eternity. Most of the notes of Wall Street analysts this morning deplore the lack of official macroeconomic data from the United States: the American departments of labor and trade will not publish any data before the end of the judgment. This means that until October 16, at least 12 data versions, including the production price index (inflation), non -agricultural wage bill (jobs) and unemployment – will not occur.
Without official data to guide them, investors have adopted a divided personality approach: risk and risk at the same time.
The term contracts on S&P 500 increased by 0.33% this morning, pre-market, after the index set a new record on Friday. This suggests that traders are very optimistic, even if they are in ignorance of the health of the underlying economy.
At the same time, gold contracts on gold are ready to unravel $ 4,000 by the Troy ounce in the coming days. The price of gold is up 50% over one year to date (it was $ 3,966.80 this morning on the COMEX continuous contract index). Gold is generally considered to be an active refuge – investors of the suite are afraid.
Bitcoin exceeded $ 125,000 per room yesterday and reappears this top of all time this morning. Curiously, Wall Street now seems to consider Bitcoin as a “safe” alternative to stocks, similar to gold, even if it is incredibly volatile.
Investors behave in this way because they fear that public debt in the United States, Japan and Europe is too high, according to Bloomberg, and thus flee the assets that are not affected by the drop in currency prices.
There is a simpler explanation, told The Financial Times: Financial Times: Momentum Trading. Gold has increased so much this year that investors are simply accumulating on the fascinating train. “It’s Fomo Plated Gold,” he told FT.
Here is a snapshot of the markets before New York’s opening bell this morning:
- Future S&P 500 increased by 0.33% this morning. The index closed marginally during its last session at a new summit of 6,715.79.
- Stoxx Europe 600 fell 0.19% at the start of negotiations.
- The FTSE 100 of the United Kingdom fell 0.16% at the start of negotiations.
- Nikkei 225 from Japan increased by 4.75%.
- CSI 300 from China increased by 0.45%.
- South Korea Kospi increased by 2.7%.
- Nifty 50 of India increased by 0.66% before the end of the session.
- Bitcoin increased to $ 123.8,000.
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