The ongoing trade war is almost certain to push the U.S. economy into a recession, and I believe the Nasdaq could decline by another 20%. Meanwhile, the sell-off in the U.S. bond market is likely to persist, as foreign governments face a shortage of U.S. dollars to continue their bond purchases. At the same time, a growing number of investors are turning to gold over the U.S. dollar as a preferred store of value.
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