The Economic Times

Has the S&P 500 really doubled since 2023? Chris Wood says it is down 21% in gold terms

Jefferies Christopher Wood highlights a sharp divergence in market returns: while the S&P 500 has doubled in dollar terms since early 2023, it has fallen 21% relative to gold. He warns that efforts to suppress US bond yields could weaken the dollar, boosting alternative assets such as gold and Bitcoin.