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America’s economy is on a ‘sugar high’ warns Ken Griffin, and investors retreating to gold is one sign of a comedown
Yahoo Finance·2025-10-07 18:30

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 ...