J. Cal

This is literally a two-minute drive from your house in San Francisco. We are going to load you in a van. J. Cal and his brothers are going to come and grab you, throw you in the back, drag you down there. We're going to prop you up on stage for a couple hours, and then we'll put you back in the van and you can go home.

This is literally a two-minute drive from your house in San Francisco. We are going to load you in a van. J. Cal and his brothers are going to come and grab you, throw you in the back, drag you down there. We're going to prop you up on stage for a couple hours, and then we'll put you back in the van and you can go home.

Boys, welcome to the All In Pod. This is episode 201, and we're gonna kick it off by talking about what's going on in markets, which is one of the kind of most interesting, challenging enigmas of the day, or maybe it's not, maybe it's pretty simple. But there seems to be a diversion in assets that is pretty unusual that hasn't been seen in some time.

Boys, welcome to the All In Pod. This is episode 201, and we're gonna kick it off by talking about what's going on in markets, which is one of the kind of most interesting, challenging enigmas of the day, or maybe it's not, maybe it's pretty simple. But there seems to be a diversion in assets that is pretty unusual that hasn't been seen in some time.

And a lot of market commentators, analysts, economists are kind of trying to figure out what's going on and why. The first is that bonds are falling. So U.S. Treasury yields as a result of bonds declining in price have spiked up. We nearly hit the 10 year yield dropping as low as 3.5 in September, obviously leading up to the big 50 BIP rate cut.

And a lot of market commentators, analysts, economists are kind of trying to figure out what's going on and why. The first is that bonds are falling. So U.S. Treasury yields as a result of bonds declining in price have spiked up. We nearly hit the 10 year yield dropping as low as 3.5 in September, obviously leading up to the big 50 BIP rate cut.

And as of this morning, we're seeing the 10-year yield over four and a quarter. At the same time, we're seeing gold prices spike. So gold is typically a safe asset. And gold has moved considerably, as you all can see here, from the start of the year, where it was around 2000 an ounce, up to 2750 an ounce, an incredible run up, one of the best performing assets of the year.

And as of this morning, we're seeing the 10-year yield over four and a quarter. At the same time, we're seeing gold prices spike. So gold is typically a safe asset. And gold has moved considerably, as you all can see here, from the start of the year, where it was around 2000 an ounce, up to 2750 an ounce, an incredible run up, one of the best performing assets of the year.

And then finally, in a market like this, you would typically see pain in equities. But we've seen the opposite. The S&P 500 is up considerably, has been on this endless run-up, all-time high. It's closing at all-time high every day.

And then finally, in a market like this, you would typically see pain in equities. But we've seen the opposite. The S&P 500 is up considerably, has been on this endless run-up, all-time high. It's closing at all-time high every day.

And let's pull up Bitcoin.

And let's pull up Bitcoin.

Well, there's a lot more assets that have moved into gold than Bitcoin. But here's Bitcoin at today, this morning, 68,000.

Well, there's a lot more assets that have moved into gold than Bitcoin. But here's Bitcoin at today, this morning, 68,000.

Well, Chamath, give us your read on what's going on.

Well, Chamath, give us your read on what's going on.

Sorry, just to understand better, why does gold go up in a Trump win?

Sorry, just to understand better, why does gold go up in a Trump win?

Right.

Right.