Gold is shifting from a niche hedge to a core allocation as traditional bonds lose appeal. Investors are now considering a 60/20/20 strategy (stocks/bonds/gold), reflecting a structural rethinking of portfolios in an era of inflation and fiscal risk.

Mag 7 earnings were up 28.3% YoY on 18.2% higher revenues.

Odds of Fed rate cut fall.

Grain futures came out of the gates strong to start the week, but that momentum faded and led to some weakness in the back half of the week, putting prices at significant inflection points for next week’s trade.

Stocks rebounded today, although they faded markedly into the close.

Eli Lilly stock has already rallied 70% in less than four months.