The WeekendInvesting Newsletter - 8 Feb 2024

Gold, often regarded as a safe-haven asset and a hedge against inflation, has been a popular investment choice for centuries. In recent years, it has captured the attention of investors as they seek stability and protection in uncertain economic times. The year 2019 witnessed a significant surge in gold prices, and there is speculation that history may repeat itself. In this article, we will explore the insights shared by Rashad Hajiyev, a celebrated analyst on Twitter, regarding the potential for gold to recreate its 2019 performance.

One of the notable patterns that occurred in 2019 was the movement of gold . . . .

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Data analysis is an essential tool for market analysts and fund managers. It provides valuable insights into market trends and historical patterns. One such intriguing analysis was shared by Puru Saxena, a popular Twitter account specialising in the US markets. Saxena presented a historical perspective, highlighting periods of prolonged stagnation in the S&P 500 index.

The analysis sheds light on the significance of preparing for a long bear market, an experience that many younger professionals in the industry have yet to encounter . . . . .

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WeekendInvesting Daily Bytes

The market opened on a positive note but soon took a downturn after the Reserve Bank of India (RBI) meeting. The market perceived the RBI’s remarks as being hawkish, leading to a lack of confidence among investors. The RBI did not make any changes in the repo rates, disappointing market expectations. Many were hoping for indications of future liquidity, such as a potential decrease in repo rates, but the RBI provided no such assurance. This spooked the market, particularly the banking sector, which experienced a decline in stock prices. The Nifty returned to a crucial support level around 21,750 and closed at that level.

Previously, there were indications of a potential double top formation in the Nifty. With the pivot break at the support level of….

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