Hlib Chabaniuk

Bond market is replicating gold trends from nearly two years ago, Tom McClellan notes

Bond market is replicating gold trends from nearly two years ago, Tom McClellan notes
Bond market tracks past gold trends

Tom McClellan observes that current bond market behavior is reflecting patterns seen in gold prices approximately 20 and a half months earlier.

He highlights the longstanding relationship between gold and bonds as a leading indicator for market trends.

McClellan has recently pointed out that fewer Nasdaq 100 stocks are trading above their 100-day moving averages, suggesting reduced participation in that rally. He also noted that NDX stocks are averaging a 19.5 percent drawdown, consistent with typical 30-year patterns. These observations follow his ongoing focus on historical relationships and market indicators.

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