Cantor Fitzgerald Highlights Inflation Risks, Suggests Gold And Bitcoin As Hedges

According to Odaily, Cantor Fitzgerald's bi-weekly macro report released on Tuesday highlights ongoing challenges posed by inflation, emphasizing significant upward risks. The report advises investors to consider gold and Bitcoin as potential hedges against inflation. Despite the Federal Reserve initiating a rate-cutting cycle in September, core inflation has remained above 2% for four consecutive years, indicating substantial inflationary pressures. Cantor Fitzgerald predicts a rise in the stock market by the end of the year; however, it expresses a less optimistic outlook for the medium term, suggesting that stocks might not be a favorable investment choice. The financial institution reiterates concerns about inflationary risks, noting that even with core inflation consistently above 2%, the threat remains significant. In response to this challenge, Cantor Fitzgerald recommends proactive measures for investors, identifying gold and Bitcoin as effective tools to combat inflation. The report explicitly states, "Our view is to purchase Bitcoin and gold to address the inflation theme." To assist investors with similar strategies, the report lists several exchange-traded funds (ETFs) related to gold and Bitcoin for further monitoring. The Bitcoin ETFs mentioned include iShares Bitcoin Trust (IBIT.US), ARK 21Shares Bitcoin ETF (ARKB.US), Grayscale Bitcoin Trust (GBTC.US), CoinShares Valkyrie Bitcoin Fund (BRRR.US), Invesco Galaxy Bitcoin ETF (BTCO.US), VanEck Bitcoin Trust (HODL.US), WisdomTree Bitcoin Fund (BTCW.US), Fidelity Wise Origin Bitcoin Trust (FBTC.US), Bitwise Bitcoin ETP Trust (BITB.US), and Franklin Bitcoin ETF (EZBC.US).