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James Van Straten highlights contrasting performance in major asset classes, noting that gold experienced its worst quarterly performance in 13 years while the S&P 500 marked its best quarterly result in 6 years.
Bitcoin has now posted three consecutive negative quarters, according to Van Straten. He further observes that the current momentum in artificial intelligence-related investments is viewed as productive for the system, with the need for sound money seen as less pressing for now.
Van Straten recently noted the DXY breaking out of a one-year consolidation as the yen approached 162, pointing to renewed interest in hard assets. In an earlier analysis, he indicated that SpaceX may follow the post-IPO trend seen with Circle and CoreWeave, with initial gains followed by declines. These observations follow his ongoing monitoring of major asset flow and sector performance.