BNY Mellon Prefers Equities to Gold in Medium to Long Term

The video discusses investment strategies focusing on whether to underweight the S&P 500 in favor of gold, considering their correlation since March. It explores asset allocation, emphasizing equities with pricing power as a better long-term play compared to gold, which faces liquidity issues. The discussion also covers inflation expectations and their impact on real yields, highlighting the importance of monitoring economic indicators like the five-year forward break-even rate.

What are the arguments for underweighting the S&P 500 in favor of gold?

How do equities with pricing power react to investment compared to gold?

In what ways can equities serve as a hedge against inflation risk?

What factors influence the real yield and its relationship with inflation expectations?

What does it mean for inflation expectations to be D-anchored, and how does it affect investment strategies?