I feel like diamonds are far less popular nowadays. Young people don’t wear expensive jewelry, people opt for larger fake diamonds, and weird bitches want gemstones instead.
So what's the play going into next year? US quality + ex-usa value for the ideal combo? Or the other way around? Plus gold? Kinda boring tbh. I want big tech to rip but without the ai nonsense.
For context: [https://youtube.com/clip/Ugkxmwoj93QZ\_l74uATRDMCcAx\_uPvxewaHW?si=Q4DYN86OUf0zM2td](https://youtube.com/clip/Ugkxmwoj93QZ_l74uATRDMCcAx_uPvxewaHW?si=Q4DYN86OUf0zM2td)
This is the scene I had in mind.
Accounting for dollar depreciation from a euro perspective spy has only like 5% ytd, though the sharpest drop occured together with the april crash. Even before then ex-usa financials stocks had a strong sharp increase from january to february right before the crash. Their growth is strong even in pure euro terms and very unusual. Though all euro stocks grew very well in all sectors.
Very unusual but i don't think it's from dollar depreciation alone. World-ex usa just had a crazy strong year even if the dollar didn't plummet.
Could be a byproduct of banks buying boatloads of gold backing up their valuation.
Kinda like if mstr was backing itself with gold instead of poorly performing bitcoin.