Safe‑havens into Sep CPI/FOMC; cutting narrative-driven beta and adding conviction into cash‑flows and catalysts. This week’s bias tilts long quality, short froth. Safe‑havens amidst gold’s all-time-highs are leading while long‑end yields sit near 5% despite ~90% rate cut odds into Sep 11 CPI and Sep 17 FOMC.
Key Takeaways
- Safe-havens outperform: Gold has outpaced equities and tech. Since 2023, gold has returned ~100% versus ~65% for the S&P 500. BTC dominance rose from ~40% to ~60%. Flight-to-saf...