The year is ending where it arguably began for investors: serving up surprises.
Nothing comparable to the market crash in the immediate aftermath of April’s “Liberation Day,” but still surprises.
Gold prices hit another record on Wednesday and are up a sparkly 70% this year. Gold has seen 51 record highs this year. Copper prices have also hit another record. The metal is up 30% this year. Sure is a lot of copper in those AI data centers!
And how could one not mention the S&P 500 (^GSPC), which is at a record high just as traditional defensive areas of the metals market rip to the upside.
“I was bullish on gold coming into the year, and I did have a $4,000 price target,” Sanctuary Wealth chief investment strategist Mary Ann Bartels told me on Yahoo Finance’s Morning Brief (video above). “Now, I’m not trying to pat myself on the back, but to be honest, I didn’t…