US producer inflation just nuked expectations.
September PPI: +6.3% YoY (expected 5.3%)
Yesterday's CPI: +3.7% (also beat)
Two consecutive hot prints. Markets are now pricing in higher odds of a rate HIKE, not a pause.
Risk assets getting squeezed. If you're levered long, this is your exit liquidity warning. Fed's not pivoting anytime soon.
Watch $BTC correlation to TradFi tighten. Liquidity drying up = pain for alts. DXY ripping, bonds dumping.
Stay liquid. Macro just shifted.
September PPI: +6.3% YoY (expected 5.3%)
Yesterday's CPI: +3.7% (also beat)
Two consecutive hot prints. Markets are now pricing in higher odds of a rate HIKE, not a pause.
Risk assets getting squeezed. If you're levered long, this is your exit liquidity warning. Fed's not pivoting anytime soon.
Watch $BTC correlation to TradFi tighten. Liquidity drying up = pain for alts. DXY ripping, bonds dumping.
Stay liquid. Macro just shifted.