U.S. Federal Debt Growth and Gold Price

U.S. Federal Debt Growth and Gold Price While the increase in U.S. federal debt has traditionally correlated with higher gold prices, multiple other factors significantly influence gold’s market value. Image: Deutsche Bank

U.S. Misery Index and Average Forward Returns

U.S. Misery Index and Average Forward Returns The U.S. misery index (core inflation + unemployment) is approaching all-time low, because both inflation and unemployment are very low. Historically, average forward returns have been higher than the overall S&P 500 average.