WS #16639
As risk appetite evaporates, capital is flowing aggressively into safe-haven assets. Gold has surged to $3,884, reflecting extreme fear and a hedge against currency debasement and geopolitical chaos. The 10-year Treasury yield is dipping as bond markets price in a flight to safety. This rotation is occurring alongside a broad sell-off in equities, with defensive sectors like utilities and consumer staples outperforming, while high-growth and high-beta assets are being liquidated.
Safe Haven and Macro Rotation
As risk appetite evaporates, capital is flowing aggressively into safe-haven assets. Gold has surged to $3,884, reflecting extreme fear and a hedge against currency debasement and geopolitical chaos. The 10-year Treasury yield is dipping as bond markets price in a flight to safety. This rotation is occurring alongside a broad sell-off in equities, with defensive sectors like utilities and consumer staples outperforming, while high-growth and high-beta assets are being liquidated.