We're witnessing a remarkable synchronized surge across virtually every asset class. Stocks have hit record highs, precious metals like gold, silver, and platinum are breaking all-time peaks. Copper—a critical industrial barometer—is also at record levels. Even typically stable money market funds are marking new highs.

But here's the flipside: US national debt has reached record territory too. Deficit spending continues climbing, and household debt is similarly at all-time highs.

What does this mean? Multiple asset classes climbing simultaneously while debt explodes at every level suggests inflated valuations across the board. For crypto investors paying attention to macro cycles and asset allocation strategies, this backdrop matters—it's the bigger picture context shaping where capital flows next.