Gold’s at 4,060. Down 2.17%. Oil jumped 2.27% to 99.36. Nasdaq took a 2.66% hit, SPX down 1.27%. The tape is ugly. Risk is out the window, but commodities are sending mixed signals.
Crypto is rough. $ETHFI is wrecked at -10.18%, now 0.6537. $OP down 10.10% too. Only 18% of coins are green. Breadth is terrible. I’m not catching knives in a falling market.
That move to gold? It’s de-risking. Maybe a geopolitical hedge. Not risk-on. Stop pretending otherwise.
My read: wait for the dust to settle. If $ETHFI holds 0.65 and oil calms down, maybe there’s a relief bounce. Until then, cash is king. Don’t get greedy.
#Macro #Gold #Crypto
Crypto is rough. $ETHFI is wrecked at -10.18%, now 0.6537. $OP down 10.10% too. Only 18% of coins are green. Breadth is terrible. I’m not catching knives in a falling market.
That move to gold? It’s de-risking. Maybe a geopolitical hedge. Not risk-on. Stop pretending otherwise.
My read: wait for the dust to settle. If $ETHFI holds 0.65 and oil calms down, maybe there’s a relief bounce. Until then, cash is king. Don’t get greedy.
#Macro #Gold #Crypto