- Citadel founder and CEO Ken Griffin cautioned that America’s market rally is being propped up by policies better suited to a recession than a growing economy. Speaking in New York, he said fiscal and monetary policies have created a “sugar high” that masks underlying risks like inflation and dollar weakness. Despite booming equities, Griffin pointed to gold’s record surge—up more than 50% this year—as evidence investors are quietly hedging against U.S. sovereign risk.
Markets are going from strength to strength, boosted by the promise of AI and the enormous investments being plowed into the tech sector. Moreover, consumer spending is continuing to hold up despite sticky inflation and a weaker job market, providing a steady foundation for growing business confidence.
