Gold vs. 10-Year U.S. Real Rate

Gold vs. 10-Year U.S. Real Rate Gold tends to be negatively correlated with U.S. real interest rates. Image: Morgan Stanley Wealth Management

10-Year Annualized Monthly Returns for the S&P 500

10-Year Annualized Monthly Returns for the S&P 500 According to BofA, a “recession shock” is coming and new lows for U.S. stocks are likely in the first quarter of 2023. Image: BofA Global Investment Strategy