The 'End-Of-The-World Trade' Is Getting Annihilated Today

Going long gold and shorting stocks. Josh Brown called it, aptly, the "End Of The World Trade" since that basically represents a belief that rocks are going to be more valuable, over time, than enterprises creating value.

Of course that trade has been getting crushed.

Gold has had a horrendous year and stocks remain near all-time highs.

And today it is a complete wreck.

Gold is down over 4%, while stocks are up over 1%.

As such, the end of the world trade is getting totally annihilated today.

Here's a look over the last year.

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