$BTC
🚨🚨 With expectations of rate hikes receding, why on earth are long-term yields rising? 🚨
US stocks have taken a fair bit of a beating this week
S&P 500 & Nasdaq are down
US 30-year treasury yield hovering near 5.25%
Crude oil sitting in the $90s
Walmart down by roughly 9%
₿ Meanwhile, Bitcoin has reclaimed the $70,000 mark
What’s fascinating is that this isn't a simple case of "risk-off" sentiment
The VIX sits in the 16s, and the Fear & Greed Index is at 52 (Neutral). Appetite for high-yield bonds remains remarkably sturdy, and capital is actively flowing into crypto
According to FedWatch, a pause in September is the favored outcome at 65.4%. Yet, despite that, long-term yields keep climbing
Underneath the bonnet, this is being driven by US national debt hitting the $40 trillion mark, massive private sector demand for capital (including AI investments), and inflationary pressure from elevated oil prices
What’s shifting in the market right now is that we may no longer be in an environment focused purely on the "Fed’s policy rate." Instead, long-term yields themselves are becoming the primary anchor for equity valuations 📢
#FedRateDecisions #USGovernment #Market_Update
$ETH
$XRP
🚨🚨 With expectations of rate hikes receding, why on earth are long-term yields rising? 🚨
US stocks have taken a fair bit of a beating this week
S&P 500 & Nasdaq are down
US 30-year treasury yield hovering near 5.25%
Crude oil sitting in the $90s
Walmart down by roughly 9%
₿ Meanwhile, Bitcoin has reclaimed the $70,000 mark
What’s fascinating is that this isn't a simple case of "risk-off" sentiment
The VIX sits in the 16s, and the Fear & Greed Index is at 52 (Neutral). Appetite for high-yield bonds remains remarkably sturdy, and capital is actively flowing into crypto
According to FedWatch, a pause in September is the favored outcome at 65.4%. Yet, despite that, long-term yields keep climbing
Underneath the bonnet, this is being driven by US national debt hitting the $40 trillion mark, massive private sector demand for capital (including AI investments), and inflationary pressure from elevated oil prices
What’s shifting in the market right now is that we may no longer be in an environment focused purely on the "Fed’s policy rate." Instead, long-term yields themselves are becoming the primary anchor for equity valuations 📢
#FedRateDecisions #USGovernment #Market_Update
$ETH
$XRP