Gold & Silver Shine While Stocks Whine

Market Overview - Stocks experienced a decline, primarily driven by concerns over high AI valuations, with Nvidia dropping 2% and down 10% for the month, affecting other major tech companies like Amazon and Microsoft [1] - Home Depot reported disappointing earnings and reduced guidance, contributing to negative market sentiment, leading to all three major indexes closing in the red and the S&P 500 on a four-day losing streak [2] - The odds of a December rate cut have decreased from over 90% to approximately 50%, indicating uncertainty regarding the Federal Reserve's monetary policy [3] Performance of Assets - Despite the broader market downturn, gold rebounded strongly from the $4,000 level, silver increased by 1.4%, and bitcoin recovered after a brief dip, suggesting a shift towards precious metals and cryptocurrencies [3][8] - The domestic Trend Tracking Index (TTI) remained flat, while the international TTI closed in the red, reflecting mixed performance across different markets [8][9] Future Outlook - The market is expected to remain volatile until economic data indicates a balance between growth and inflation, which would alleviate stagflation concerns and support potential rate cuts by the Fed [4]