Yesterday was one of those rare days where everything moved in the right direction for once.
Stocks up 2-3%. $BTC and gold both up 3%. Credit spreads tightening. Oil down 8%. 10-year Treasury yield dropping 6bps.
Wall Street made money. Main Street got cheaper gas and lower borrowing costs.
Days like this don't happen often. Usually when one thing rallies, something else gets crushed. But yesterday? Risk-on everywhere, inflation pressures easing, and safe havens still bid.
Enjoy it while it lasts. Markets don't stay this friendly for long.
Stocks up 2-3%. $BTC and gold both up 3%. Credit spreads tightening. Oil down 8%. 10-year Treasury yield dropping 6bps.
Wall Street made money. Main Street got cheaper gas and lower borrowing costs.
Days like this don't happen often. Usually when one thing rallies, something else gets crushed. But yesterday? Risk-on everywhere, inflation pressures easing, and safe havens still bid.
Enjoy it while it lasts. Markets don't stay this friendly for long.