Last week was Between trade tensions, geopolitical uncertainty, and a rush into safe havens, sentiment was clearly in panic mode: equities under pressure, gold and silver printing new highs, and crypto stuck in hesitation.
Then one event changed everything.
US GDP came out **today at 4.4%**, well above expectations around 3.4%.
This isn’t just a strong number on paper, it’s a real signal of economic resilience. Solid consumption, stable employment, and most importantly a clear message to markets: the immediate recession narrative is losing credibility.
At the same time, Trump stepped back on several tariff threats, especially toward the EU, while also providing more clarity on the Greenland situation.
Result: a rapid easing of macro risk, a sharp sentiment reversal, and a clear rebound in US equities.
Honestly, I hesitated.
When markets started to roll over, I personally looked at gold and silver via Bitget TradFi. But with prices already at daily ATHs, it felt late. So I started digging into stocks exposed to data, defense, and geopolitics, like Palantir, thinking that in such a tense environment, capital would first rotate toward traditional assets, especially with Trump’s rhetoric toward Iran and Greenland.
So far, that decision wasn’t absurd.
It was also a way for me to explore a new market segment.
But the more I analyze what’s happening, the more I think this phase is only a transition.
Gold and silver did their job as safe havens during the peak of stress. But their recent pullback right after the GDP release is telling: the market is already reducing defensive hedges and slowly rotating back into risk.
And as usual, equities are showing signs of recovery.
High rates are already priced in (US around 4.5%), and markets are starting to look ahead, even before any potential rate cuts.
So the real question for me right now is simple:
👉 **Are gold and silver starting to pass the baton back to risk assets?**
Curious to hear your thoughts:
are you still mainly positioned in safe havens, or are you already starting to rotate gradually back into equities?