Why Gold is Destroying Bitcoin The S P 500 Right Now

Hello everyone and welcome back to the channel. My name is May and you are watching What Changes, the place where we decode the massive shifts happening in our global economy so that you can stay one step ahead, right now, as we speak. There is a fierce, silent battle being waged for the new monetary order. On one side, we have the oldest, most traditional store of value in human history, gold. On the other side, we have the modern, digital challenger, bitcoin. And if you have been watching the charts lately, you might have noticed something highly unusual happening. It is not currently looking very good for bitcoin. In fact, if bitcoin were to fall by a massive percentage over the next few years, the entire narrative surrounding digital scarcity would be tested. But to understand why this is happening, we have to zoom out. We have to look at the very foundation of how our world operates, because what we are experiencing right now is not just a temporary market dip or a random fluctuation. It is the beginning of a massive seismic shift in global finance. Before we dive deep into the charts, the history and the shocking data pointing toward a decade-long wealth transfer, I want to invite you to join our exclusive community. If you want real-time updates and deeper discussions on the topics we cover today, make sure to join our Telegram channel. The link is right down there in the YouTube description. I also have a book recommendation coming up later in the video that perfectly pairs with today's topic, so make sure you stick around for that. Now, let us get into it. To understand the battle between gold and bitcoin, let me first explain exactly what has been happening behind the scenes of our global economy for the past several decades. The world has operated under a very specific, carefully managed monetary structure. The primary goal of this structure has always been growth. Specifically, the goal has been to continuously expand the gross domestic product, commonly known as the GDP. But here is the catch. In order to expand the GDP, governments and central banks had to expand the debt, and in order to expand that debt, they had to continuously grow the money supply. Money had to be printed, created, and injected into the system. As this financial system grew larger and larger, expanding like a balloon, most of the world's capital flowed directly through the United States dollar and poured into financial assets. This massive influx of capital is the primary reason why the U.S. stock market has outperformed almost every other type of investment for decades. We have been living through a historic, unprecedented expansionary period. Bitcoin was actually born directly into this specific world. It was created during an era of endless money printing and financial expansion. But today, that system, the very foundation that birthed digital currencies, is coming to a dangerous breaking point. Why? Because global debt is no longer just growing at a steady pace. It has completely exploded. Debt is now growing significantly faster than the underlying economies that are actually supposed to support and pay for it. We have reached a point of mathematical unsustainability. As a result, something known as the global old rules-based order is rapidly coming to an end. The international order that we have relied on, based on mutual rights, predictable rules, and dollar dominance, is fracturing. It simply no longer exists in the way it used to. So, what happens when the global system fractures? Throughout all of recorded financial history, whenever the ruling monetary order begins to break down, money gets terrified. And terrified money always looks for a safe harbor. It looks for something called the safest neutral asset. What exactly does that mean? A neutral asset is an asset that is not tied to the promises or the stability of any specific country, government, or central bank. It exists entirely outside of the traditional financial system. It has no counterparty risk. If a government collapses, the neutral asset survives. Historically speaking, the most reliable neutral assets have been physical items with a strictly finite supply. You cannot simply print more of them when you are in debt. And for thousands of years, the ultimate neutral asset was, without a doubt, gold. Fast forward to the modern era. When the financial system began showing cracks, a lot of people firmly believed that Bitcoin was destined to be the digital equivalent of gold. The prevailing thought process went like this. If the world is entering an era of deep uncertainty, and if we truly do not know what the new financial system is going to look like, then the hardest, most scarce asset is usually the safest bet. Because Bitcoin is highly portable, completely digital, and mathematically finite, millions of investors assumed it would naturally outperform everything else in a crisis, including gold. Except, if we look at the data today, that is absolutely not what is happening. Right now, gold is breaking out to incredible new highs. Central banks all over the world are aggressively buying up physical gold at the fastest pace seen in decades. And at the exact same time that gold is soaring, Bitcoin has actually been losing value relative to gold. This brings us to a series of massive questions. If the world is truly transitioning into a new, multipolar era, and if entire countries and everyday people are genuinely losing their confidence in US treasuries, the US dollar, and the traditional stock market, then why is gold leading the charge? Why is Bitcoin, the asset that was universally championed as the future of the monetary standard, getting left behind right now? Furthermore, if this trend continues, how low could Bitcoin actually go? But perhaps the most important question of all is this. Is this just a temporary market quirk, or are we witnessing the start of what financial analysts call a capital rotation event, an event that could dominate the markets for more than a decade? To answer these questions, we need to look through a very specific analytical lens. We need to look at the latest data, use a bit of nerdy financial framing, and separate the noise from the reality. I want to explain exactly what is happening to both gold and Bitcoin by dividing the financial world into two massive, distinct forces. This might get a little bit nerdy, but stick with me, because it is the best way to understand the chaos of the markets. We are going to call the first force the macro force, and the second force the technical force. The easiest way to wrap your head around these two forces is to use a simple analogy from the world of physics. In physics, there is the theory of general relativity. This is the theory that explains the massive concept of gravity, and how space and time curve. It explains the slow, inevitable, majestic movements of massive objects, like planets, stars, and entire galaxies. This is exactly how you should think of the macro force in finance. It is incredibly slow moving, but it has immense gravitational pull. It dictates the broad, general direction of the global economy over long periods of time, usually decades. On the other hand, physics also gives us quantum mechanics. Quantum mechanics explains the hyperactive, chaotic movements of tiny subatomic particles and individual atoms. When you look at quantum mechanics, it is wildly unpredictable in the short term, and honestly, it often makes zero sense when you compare it to how the big planets and galaxies behave. When I think of quantum mechanics, I think of how day-to-day investment markets work. The short-term charts are chaotic. They seem to defy logic. So to summarize our framework, the macro force is the big picture stuff. It is the shifting monetary order, the towering levels of sovereign debt, and massive geopolitical changes. It encompasses the massive economic shifts that legendary investors like Ray Dalio talk about when they explain the changing global economy. By the way, if you want a fantastic deep dive into this exact macro concept, my book recommendation for today is Principles for Dealing with the Changing World Order by Ray Dalio. While that specific title is my personal suggestion, the author's exact concepts regarding the macro economy are playing out in real time right now. Opposite the macro force is the technical force. This is the world of chart analysts. This represents the moving averages, the hidden support levels, and the microscopic ratio of bitcoin versus gold. This is the particle physics inside the financial system. Now let us apply this nerdy framework to the real world. The recent massive surge in the price of gold can be perfectly explained using the macro force, the big picture. What is the macro evidence driving gold higher? First, we know for a fact that government debt relative to the gross domestic product is currently higher than at almost any other point in United States history outside of World War II. At the exact same time, global sovereign debt has exploded outward, growing far faster than underlying economic growth itself. Because the world order is shifting and fracturing, central banks around the globe are heavily accumulating physical gold at the fastest, most aggressive pace in modern history. In many major countries, gold now makes up a significantly larger share of their official reserves than it has in years. What this means is that sovereign nations, the highly powerful tier one nations that possess nuclear weapons, are actively choosing gold over traditional paper assets like United States treasuries. This creates a massive amount of what we can call structural gravity. This macro gravity is continuously pulling global wealth away from paper promises and heavily toward gold, because gold is a neutral, hard asset that operates completely outside the control of any single government or printing press. The macro force dictates that in this environment, gold should be incredibly strong, and it is. However, if we strictly follow this macro logic, Bitcoin should also be skyrocketing right alongside gold. It is a hard asset, it is decentralized, and it is outside government control, but it is not skyrocketing. Therefore, Bitcoin's current struggles cannot be explained by the macro force. Instead, Bitcoin is currently trapped by the technical force, the To put it simply, one force in the market is screaming that hard assets like gold should be winning, and gold is indeed winning. But the other force, the technical chart data, is screaming that Bitcoin might not be finished with its market correction just yet. This leaves us facing two very distinct possible futures. Either Bitcoin is merely catching its breath before launching into a to follow gold to incredible new highs, or we are currently witnessing the very early, painful stages of a massive capital rotation event, an event that the vast majority of everyday investors are entirely unprepared for. Let us talk about this capital rotation event, because this is the core of what is happening right now. What exactly is a capital rotation? That a capital rotation is the fundamental concept that investment money moves through different cycles and phases, shifting heavily from one type of asset class to another, based on changing economic conditions. Investors alternate their preferences. In some eras, they love financially productive assets like tech stocks, but in other eras, they flee those markets and rotate their wealth into scarce, hard assets. To see this in action, we can look at data provided by technical analysts, such as the charts from Northstar, which measure something called Capital Rotation Evidence, or CRE. Capital rotation evidence measures the exact moments when global wealth is clearly rotating out of one financial vehicle and pouring into another. This specific metric is heavily monitored by comparing a wide variety of traditional economic metrics directly against the price of gold. Right now, the data is completely staggering. When you look at the broader financial system relative to gold, almost everything is currently in a bear market. Everything is flashing red, which means the environment is exceptionally favorable for gold. Let us break down exactly what gold is currently defeating in the markets. When you compare the mighty S&P 500, the benchmark of the US stock market, against gold, gold is currently winning. When you compare the tech-heavy Nasdaq against gold, gold is winning. When you compare the strength of the US dollar itself against gold, gold is winning. When you compare the M2 money supply against gold, gold is winning. When you measure the consumer price index, which is the official metric for inflation, against gold, gold is winning. Even when you look at broader market indexes like the Russell or the Wilshire, gold is outperforming them all. Gold is literally rising faster than almost every major financial index on the planet right now. Now, if just one of these metrics were losing to gold, it would not be a big deal. It would not tell us much. But analysts argue that when we see a massive coincidence of data, when the stock market, the dollar, the money supply and inflation are all simultaneously losing ground to gold, it is a massive red flag. It signifies that we are most likely standing right in the middle of a major historic capital rotation event. When a true capital rotation event occurs, the stock market typically goes down and it can potentially spend a decade or more just trying to recover the value it lost. This is not unprecedented. There have been several distinct eras throughout modern history where this exact phenomenon has played out. Let us look at the history books to understand what we might be facing. The first major example occurred in the early 1930s. During this time, the stock market infamously collapsed and the US dollar was incredibly unstable. The United States went through a dramatic gold re-evaluation, heavily driven by President Franklin D. Roosevelt, officially confiscating gold from the public. As a result, gold repriced significantly higher and absolutely outperformed every other asset class. During that era, gold completely dominated the financial landscape for about five to seven years. Meanwhile, the traditional stock market suffered so badly that it did not return to its 1929 all-time highs until the year 1954. That is a textbook capital rotation event. The second major example happened in the 1970s and this is considered the one. This was a decade defined by massive, crushing amounts of inflation in the United States. During the 1970s, the stock market essentially went totally flat for an entire decade in what economists call real terms, meaning the returns relative to inflation. While the stock market stagnated, gold went on a historic, unprecedented tear, rocketing upward by over 2,000%. That aggressive gold domination lasted from roughly 1971 until 1980, a period of about nine years. Once again, that was a massive capital rotation event. The third major example occurred much more recently, in the year 2002. The United States had just suffered through the devastating dot-com bubble burst. In the aftermath, gold began a relentless climb, moving from the mid-$200 range in 2001 all the way up to over $1,900 by the year 2011. That rotation lasted for more than a decade, completely shifting the market and launching commodities into what analysts called a super cycle. If we look closely at these historical examples, a clear pattern emerges. Capital rotation events are not short-term trends. They are brutal, enduring eras that typically last anywhere from five to ten full years. During these agonizing five to ten-year periods, the traditional stock market can do one of two things. It can either outright collapse, or it can grind sideways in real terms. While the stock market is paralyzed, hard, physical assets capture all of the real returns. Right now, analysts are suggesting that practically every major financial metric is trending downward relative to gold, all at the exact same time. When global capital begins rotating with this level of ferocity, it is a glaring indicator of a profound shift in investor confidence. When the biggest investors in the world suddenly decide they prefer the safety of neutral assets over the financial productivity of stocks, it is usually because the entire global financial system is secretly absorbing massive amounts of stress. This stress comes from the exact macro forces we discussed earlier. Towering debt levels, rampant inflation, the debasement of national currencies, and the geopolitical fragmentation of the world order. That systemic stress has to go somewhere. Now, I want to clarify something incredibly important. During these volatile periods of uncertainty and capital rotation, it is entirely possible for the stock market to still go up in what economists call nominal terms. Nominal simply means the raw, surface-level numbers are increasing. However, just because the numbers on your screen are going up does not mean you are actually building wealth. In these environments, investors have an incredibly difficult time securing real returns, which are your actual tangible gains in everyday purchasing power. I know the difference between nominal and real returns can sound complicated, so let me give you a very simple everyday example to illustrate this trap. Imagine you are working hard and your boss gives you a fantastic 10% raise in your income this year. On paper, your paycheck looks bigger. That 10% increase is your nominal number. You feel wealthier, but then you go to the grocery store. You pay your rent, you buy gas, and you suddenly realize that due to inflation, the overall cost of living has become 11% more expensive this year. Because your life costs 11% more, but your income only went up 10%, your real income is actually negative 1%. Even though you got a raise, you took a loss in real purchasing power. This exact same illusion happens in the financial markets. The stock market can easily climb 10% in a given year without a problem, painting a beautiful green chart. But if the currency is being debased and inflation is raging, those stock market investors are actually losing purchasing power in real terms. So, when the charts suggest a capital rotation is underway, it does not necessarily guarantee an apocalyptic stock market crash. What it does mean is that real returns in the stock market are going to be severely compressed and choked out, while hard, scarce assets soar. The ultimate takeaway here is that massive pools of investor capital go through distinct eras. In some eras, paper stocks are the undisputed champions. In other eras, hard assets are the undisputed champions. They alternate. So, that thoroughly explains why gold is currently behaving like an unstoppable force. But this brings us back to the giant elephant in the room. What about Bitcoin? If the macro environment is perfectly primed for hard assets to dominate, why is Bitcoin struggling? To understand this, we have to put away the macro telescope and pull out the technical microscope. To decode Bitcoin's current behavior, we can look at the historical frameworks provided by technical analysts such as Benjamin Cowan. When you look deeply at Bitcoin's historical price action, a few undeniable patterns begin to emerge. First, historically speaking, Bitcoin has generally reached the very top, or the peak, of its massive bull cycles sometime in the fourth quarter of the year, immediately following a halving event. The halving, as many of you know, is the mechanism hard-coded into Bitcoin that reduces the creation of new coins every four years. The timing of these peaks has been remarkably, almost eerily consistent. For example, the great cycle of 2013 reached its euphoric peak in November of that year. The subsequent cycle in 2017 reached its peak in December. The massive cycle of 2021 reached its peak in November. Quarter four is clearly the What is additionally fascinating is that the year immediately following that Q4 price peak very frequently overlaps with the United States midterm election cycle. And historically, that specific overlap has marked the brutal beginning of a long crypto bear market. When you stare at the charts, it genuinely starts to look like we are living in a mathematically programmed simulation because the cycle lengths repeat with shocking precision. Let us look at the last two full market cycles. Historically, it has taken Bitcoin roughly 1,050 to 1,060 days to journey from the absolute lowest point of a major cycle all the way up to the next euphoric high. For instance, from the deep depressing lows of 2015 to the dizzying highs of 2017, it took Bitcoin roughly 1,050 days. From the painful crash lows of 2018 to the massive highs of 2021, it took roughly 1,060 days. The climb up is long and steady, but the fall is swift. On the way down, the crushing bear market has historically lasted for almost exactly one calendar year. From the absolute high of 2017 to the rock bottom low of 2018 was exactly 364 days. From the absolute high of 2021 down to the darkest low of 2022 was roughly 371 days. So the overarching historical rhythm of Bitcoin is roughly three years of climbing upward, followed by roughly one grueling year of falling downward in a bear market. To pinpoint exactly where we are in this rhythm, technical analysts rely on two incredibly important indicators, the 50-week moving average and the 200-week moving average. These indicators are exactly what they sound like. They track the rolling average price of Bitcoin over the previous 50 weeks and the previous 200 weeks. Historically, whenever Bitcoin is thriving in a healthy bull market, its price safely floats above that 50-week moving average line. But the moment the price falls and closes below that 50-week line for several consecutive weeks, the alarm bells ring. That event has historically marked the official death of the bull market and the painful birth of the bear market. For example, let us look at a recent cycle where Bitcoin peaked at around $126,000. After reaching that massive peak, the absolute most critical price level Bitcoin needed to maintain was its 50-week moving average, which at the time was sitting around the $102,000 to $103,000 mark. Once the price of Bitcoin ultimately surrendered and fell beneath that $103,000 level for several weeks, the bear market officially began. But it gets much worse, because historically, once Bitcoin loses the support of that 50-week moving average, an unavoidable event occurs. Analysts refer to this chilling event as a date with destiny. This date with destiny means that the price of Bitcoin is now inevitably going to be dragged down to test the 200-week moving average. The 200-week moving average is significantly lower than the 50-week line. It represents roughly four entire years of price history, and it has consistently acted as Bitcoin's ultimate long-term baseline foundation. While it is not an exact, flawless science, this downward gravitational pull toward the 200-week average has played out almost every single time. So, if Bitcoin loses a 50-week average at, say, $103,000, the price is going to compress violently downward toward that 200-week line, which might be sitting all the way down around $58,000. Depending on how severe the panic gets, the price could easily plunge into the $40,000 range, or, in a worst-case scenario, even the high $30,000s. If we apply the historical rule that it takes Bitcoin about one full year to fall from peak to absolute bottom, that would theoretically place the cycle bottom somewhere around October of the following year, though early indicators might flash as soon as May. If all of these moving averages and timeframes sound confusing, let me give you a much simpler way to visualize this risk. Look at how far Bitcoin has crashed after every single major peak in its history. With every new cycle, the percentage of the crash gets slightly smaller. So, if we assume the next crash is roughly 7% less severe than the previous cycle's crash, we might be looking at an overall drop of about 70% from the all-time high. If the all-time high was $126,000, a 70% devastating drop would put the bottom price right around $37,800. Shockingly, that mathematical percentage lines up almost perfectly with the moving average targets we just discussed. It is not a guaranteed science, but it is a terrifyingly consistent pattern that no investor can afford to ignore. So, if we tie all of this back together, we arrive at a very sobering reality. If this capital rotation theory is correct, and the overwhelming data suggests that it is, we are looking at a very real possibility where hard assets like gold, and eventually essential commodities like oil, heavily outperform the traditional stock market for an extended period. We could easily be trapped in a grueling 5-10 year scenario, mimicking the 1970s or the early 2000s, where hard assets structurally dominate the entire global financial ecosystem. But in this scenario, Bitcoin might actually be left behind. Why? Because the Bitcoin of today is drastically different from the Bitcoin of 2015 or 2018. Today, Bitcoin has been completely financialized and securitized by Wall Street. It has been packaged inside ETFs. It is heavily utilized as leverage collateral. It is hopelessly entangled in massive, opaque derivatives markets. Wall Street has built complex paper products directly on top of these ETFs. Major corporations are borrowing massive amounts of debt against their Bitcoin holdings. Even the Bitcoin miners themselves are financing their expensive operations by borrowing against the asset. What does all of this financialization actually mean? It means that Bitcoin's daily price is no longer driven purely by the organic fundamentals of scarcity. Instead, the price discovery is being heavily manipulated and dictated by the trading of endless paper derivative products. Because of this massive securitization, the actual price of Bitcoin can easily be suppressed in the short term, and it is highly likely that it is being actively suppressed to some degree right now. Interestingly enough, gold actually went through this exact same agonizing process. In the year 2004, the financial markets introduced paper gold ETFs. Wall Street securitized gold, and for a period of time, the price was heavily suppressed by paper trading. But history teaches us a vital lesson. Price suppression utilizing paper derivatives can only last for so long. Eventually, the underlying physical asset becomes too scarce. The macro pressures become too great. The asset breaks the chains, and the price explodes violently upward. For gold, those macro chains are breaking right now due to geopolitical uncertainty and massive central bank hoarding. The technical analysis simply says that it is finally gold's turn to dominate the global markets. I believe that eventually, the exact same breakout will happen to Bitcoin. The chains of paper suppression will eventually snap, but the brutal truth is that we simply do not know how long we are going to have to wait for that to happen. We all desperately hope that the next halving cycle will rocket us to new all-time highs, but there are absolutely zero guarantees in this new, fractured world order. The technical charts for Bitcoin are warning us clearly. For now, the euphoric bull cycle is likely over. We have entered the dark, painful phase of the cycle, where all of the reckless leverage and excessive debt is forcefully flushed out of the system. Bitcoin might just grind sideways, destroying the hopes of impatient traders for the rest of the year. There is a brilliant piece of wisdom regarding these specific market conditions that technical analyst Benjamin Cowen shared, and it is something you should burn into your memory. He noted that bull markets make absolutely everyone look like a financial genius, but bear markets? Bear markets make fools out of both the bulls and the bears. What does that mean? It means that during a chaotic rotation, the market will actively try to trick you. There could easily be a moment later this year where Bitcoin suddenly rallies hard, surging close to that 50-week moving average, maybe even teasing a massive breakout towards six figures. In that brief moment, the pessimistic bears are going to look incredibly foolish. But then, just as quickly, the market could violently reverse. By the fourth quarter, we could experience a devastating crash downward, completely wiping out the overconfident bulls and making them look utterly foolish in return. Bear markets are designed to chop up impatient money. They make everyone look foolish. That volatile whipsaw scenario is a very real possibility right now. So at this point, you might be asking a very logical question. May, if gold is clearly breaking out to historical highs, and if the charts suggest Bitcoin is destined to go lower, and if we are truly entering a massive, decade-long capital rotation event, why don't you just sell absolutely everything you own and dump it all into physical gold? It is a completely fair question. And here is exactly how I process this dilemma. I firmly believe there is a massive difference between intelligently recognizing that a macroeconomic rotation is currently happening and arrogantly trying to perfectly time the top and bottom of that rotation. History shows us that capital rotations do not happen in a clean, predictable, straight line. Even during the massive inflationary crises of the 1970s and the explosive early 2000s, the markets were in complete chaos. There were incredibly violent counter-rallies that tricked investors into buying back in. There were fake breakdowns that terrified people into selling at the exact bottom. There were massive, wealth-destroying market whipsaws. Furthermore, if Bitcoin is actually still in the very early stages of its long-term global adoption phase, if institutional ETFs, massive sovereign national interest, and secure bank custody are truly still expanding globally, then panic-selling all of my Bitcoin right now, just because of temporary technical weakness, could be the exact same tragic mistake that weak-handed investors made in the previous bear cycles. Therefore, for me personally, the ultimate question is not, should I panic and sell everything? The much smarter, more mature question is, how do I allocate and invest my money so that my wealth survives and thrives, regardless of which outcome ultimately happens? If Bitcoin suddenly defies the charts and explodes upward, I absolutely do not want to be left behind on the launchpad. Conversely, if gold continues its historic outperformance and dominates the decade, I refuse to be blind to it. I want to deeply understand exactly why it is happening, and I want to ensure I own a strategic allocation of it. Because of this chaotic uncertainty, instead of liquidating my entire portfolio out of fear, I have chosen a strategy of rigorous, calculated diversification. I stubbornly hold my Bitcoin for the long-term asymmetric upside, but I also maintain my exposure to the broader US economy through the S&P 500. I actively hold robust dividend-paying stocks, because historically, companies that pay strong dividends can perform exceptionally well for investors during a stagnant, sideways market where growth is dead. I would also gladly accumulate more high-quality technology stocks if they become undervalued. In addition to market assets, I have taken steps to de-risk my personal life. For example, I have recently sold my rental property. Why? Because as we enter a period of massive macroeconomic stress and capital rotation, I simply do not want to carry any unnecessary debt. I refuse to deal with the headache, the maintenance, and the legal liability of a property. As a result of selling that property, I currently hold a significantly larger cash position than I am normally comfortable with. But in a highly volatile, uncertain environment, having cash is a superpower. It gives you ammunition. Moving forward, I will simply continue the disciplined practice of dollar-cost averaging. I will slowly and methodically deploy my cash across the specific assets that I calculate to be fundamentally undervalued, while simultaneously taking all of the dividends generated by my portfolio and automatically reinvesting them directly back into the market. There is no single, perfect, flawless right answer to navigating a global wealth rotation. The most important thing you can do is educate yourself. Understand the difference between the massive macrogravity and the chaotic technical noise, and prepare your portfolio for deep volatility. If you want to dive deeper into the technical charts and the data I referenced today, I highly encourage you to do your own research. And remember, if you want to understand the long-term cycles of money, absolutely check out Ray Dalio's Principles for Dealing with the Changing World Order. It is a phenomenal framework for exactly what we discussed today. I would absolutely love to hear your thoughts and theories on whether gold or bitcoin will ultimately win this decade. Make sure to jump into our Telegram channel. The link is in the description below, and let us continue the debate over there. If you found value in this deep dive, please smash the like button. And if you are watching this and you are not subscribed yet, hit that subscribe button and turn on the bell notification so you never miss an update on the changing global economy. I hope you have a rest of your day. Stay safe in these volatile markets. Take care.