Happy Thursday! Gold is breaking records, and breaking away from the stock market, sparking a divergence not seen since the lead-up to the 2008 financial crisis. Is this a signal of something bigger, or just a hedge and a temporary imbalance? Read on to find out.

Also, could the world be sleepwalking into its next financial crisis? One renowned economist who foresaw the 2008 crisis says the warning signs are flashing red once again. What does he see that others don’t? Dive in to find out.

Plus, if you are interested in an international company that is growing and expanding its offerings in the healthcare sector, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

S&P 500 Is Getting Crushed By Gold — The Last Time This Happened, It Didn't End Well

Gold's blistering rally this year has left the S&P 500 in the dust, raising uncomfortable parallels with 2008, when financial markets last witnessed such a dramatic divergence between equities and the precious metal.

For many, the 25-percent gap isn’t a fluke; it’s a signal, and it doesn’t appear to be slowing down anytime soon. Is history repeating itself, or are we entering uncharted territory?

Read on to see what’s fueling the gold rush, why central banks are going all in, as well as what the charts and forecasts are calling for next.

SBC Medical Group Is Executing On Its Business Strategies, And It’s Starting To Pay Off

SBC Medical Group Holdings Inc. (NASDAQ: SBC) is repositioned and in growth mode as it executes on its strategic initiatives announced earlier this year. They include expanding its aesthetic medicine business and differentiating itself by offering advanced treatments and better pricing, building its medical business offering orthopedic, infertility and alopecia treatment and services and expanding overseas, particularly in the U.S. and Singapore.

The company, which is already among the leaders in the Japanese cosmetic surgery market, is also courting Chinese consumers who are coming to Japan for cosmetic procedures. The company is also making acquisitions and bringing on key executives and advisors to grow the business in Japan and abroad. To learn more about SBC Medical Group’s strategic initiatives, click here.

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Yesterday: U.S. indexes closed higher Wednesday, with the Nasdaq leading gains after a favorable antitrust ruling for Google lifted tech shares. Alphabet surged 8.5% as the decision preserved its Chrome business and key revenue-sharing deals, including a $20 billion annual payment to Apple, which also ended higher. Treasury yields were mixed as short-term yields fell on signs of labor market cooling, while the 30-year briefly touched 5% amid ongoing inflation concerns. Oil prices dropped 2.7% as OPEC+ signaled a potential supply increase ahead of its Sunday meeting. Lastly, Wall Street will be looking ahead to Friday’s jobs report for further clues on the Fed’s next move.

On Our Radar: Analysts will be watching a number of key reports including: initial jobless claims, U.S. trade deficit, PMI and ISM services, as well as remarks from two Fed presidents (John Williams and Austan Goolsbee). On the earnings front, all eyes will be on Broadcom (AVGO), Lululemon (LULU) and DocuSign (DOCU) , which will report results after the market close today.

Shares of Google (GOOGL) soared and made new all-time highs after the company received a better-than-expected outcome in the DOJ’s antitrust case. Meanwhile, Dollar Tree (DLTR) plunged after the company missed analyst estimates. Here’s a look at some of the biggest winners and losers on Wednesday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

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On This Day In 1914…

Global financial markets were thrown into chaos amid World War I as capital flows ceased and stock exchanges around the world shut down. At the time, New York City — then heavily reliant on European capital — faced a severe liquidity crisis. U.S. Treasury Secretary William G. McAdoo took a bold and unprecedented step by authorizing the issuance of emergency federal funds to stabilize New York's financial system, essentially bailing out the city. This rescue was done with leading Wall Street banks, marking one of the earliest major examples of public-private intervention in American financial history.

QUOTE OF THE DAY

“Your most unhappy customers are your greatest source of learning.“ — Bill Gates

Veteran Economist Warns About Converging Crises, 'Worse Than 2008'

Is the global economy heading toward a moment of reckoning? Fred Harrison, one of the few economists who accurately predicted the 2008 financial crisis, is once again sounding the alarm.

Known for his 18-year property cycle theory, Harrison warns that we’re now facing a convergence of crises unlike anything seen in modern history. But this isn’t just another housing bubble or market correction —- he believes the next collapse could be deeper, more widespread and far harder to contain. Read on for all the details.  

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