Wall Street’s conflicting emotions of fear and greed are duking it out right before our eyes.
Greed is obviously alive and well. Confidence in the American economy has lifted the S&P 500 to an impressive 9% jump this year.
But gold, which is thought of as a safe place during times of fear, is doing even better. The precious metal has soared 12% this year to nearly $1,300 an ounce, putting it on track for the best performance since 2010.
So, what gives?
Believe it or not, it’s not that rare for both gold and stocks to do well at the same time.
