Poll of the Day Recap: 63% Say Gold Is King (For Now)

Takeaway: 63% GOLD; 37% S&P 500.

Poll of the Day Recap: 63% Say Gold Is King (For Now) - 75684c71b3faa8e2037bab86bace3f78.500x333x1

 

After rising six days straight, stocks have edged lower amid a new round of quarterly earnings reports from US companies. 

 

In our poll today, we wanted to know: If you had to buy the S&P 500 or Gold today, and hold for one year, which would you buy?
 

At the time of this post, 63% said they would buy GOLD; 37% said S&P 500.
 

One voter who chose GOLD specifically pointed to #InflationAccelerating and said that “the best option for protecting your money is always gold.” Another echoed the sentiment: “Gold loves slowing of growth, and that's what we're seeing, along with rising inflation.”

 

A few GOLD voters stated that the S&P 500 seems overvalued, has bearish signs on the weekly charts, and that when the dollar goes so will the S&P.

Or as one responder for GOLD explained, “Having a young family we are feeling the inflation in our bottom line. Fear can happen fast.”

 

Of those who said they would buy the S&P 500, these comments tell the story:
 

  • “Gold is a crisis hedge and a terrible inflation hedge. I expect a roller coaster of a ride, but bubbles blow bigger before they burst, and they burst at the end of the Presidents term, not in the middle.”
  • “Gold is going to 1150 - no catalyst at all to buy currently.” 
  • “In the near term, gold might outperform stocks as stocks might go [through] a correction in summer. But a year from now, I expect stocks to significantly outperform gold.”
  • “Secular up trend versus secular down trend.”
  • “The correction won't happen until May 2015.” 

SUBSCRIBE TO HEDGEYE.


Cartoon of the Day: Bulls Leading the People

Investors rejoiced as centrist Emmanuel Macron edged out far-right Marine Le Pen in France's election day voting. European equities were up as much as 4.7% on the news.

read more

McCullough: ‘This Crazy Stat Drives Stock Market Bears Nuts’

If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.

read more

Who's Right? The Stock Market or the Bond Market?

"As I see it, bonds look like they have further to fall, while stocks look tenuous at these levels," writes Peter Atwater, founder of Financial Insyghts.

read more

Poll of the Day: If You Could Have Lunch with One Fed Chair...

What do you think? Cast your vote. Let us know.

read more

Are Millennials Actually Lazy, Narcissists? An Interview with Neil Howe (Part 2)

An interview with Neil Howe on why Boomers and Xers get it all wrong.

read more

6 Charts: The French Election, Nasdaq All-Time Highs & An Earnings Scorecard

We've been telling investors for some time that global growth is picking up, get long stocks.

read more

Another French Revolution?

"Don't be complacent," writes Hedgeye Managing Director Neil Howe. "Tectonic shifts are underway in France. Is there the prospect of the new Sixth Republic? C'est vraiment possible."

read more

Cartoon of the Day: The Trend is Your Friend

"All of the key trending macro data suggests the U.S. economy is accelerating," Hedgeye CEO Keith McCullough says.

read more

A Sneak Peek At Hedgeye's 2017 GDP Estimates

Here's an inside look at our GDP estimates versus Wall Street consensus.

read more

Cartoon of the Day: Green Thumb

So far, 64 of 498 companies in the S&P 500 have reported aggregate sales and earnings growth of 6.1% and 16.8% respectively.

read more

Europe's Battles Against Apple, Google, Innovation & Jobs

"“I am very concerned the E.U. maintains a battle against the American giants while doing everything possible to sustain so-called national champions," writes economist Daniel Lacalle. "Attacking innovation doesn’t create jobs.”

read more

An Open Letter to Pandora Management...

"Please stop leaking information to the press," writes Hedgeye Internet & Media analyst Hesham Shaaban. "You are getting in your own way, and blowing up your shareholders in the process."

read more