#wallstreetearningsrevisionsturnbearish
Wall Street just flashed a warning that crypto traders shouldn’t ignore.
For the first time in 23 weeks, analyst earnings cuts are now outnumbering upgrades, according to Citigroup’s earnings revisions index.
That doesn’t mean stocks are suddenly heading for a crash.
The more important part is what may be driving the change: higher inflation pressure, rising yields and a higher cost of money are starting to feed into corporate earnings expectations.
And crypto doesn’t sit outside that system.
Bitcoin is already trading back around $84.6K as the 2-year Treasury yield reaches 4.79%. When rates and the dollar tighten financial conditions, both equities and crypto can feel the pressure.
For traders, I’d watch the revisions + yields + BTC combination rather than any single headline.
If earnings estimates keep falling while yields stay elevated, the macro backdrop gets harder for risk assets.
$BTC
$SPX
#bitcoin #Macro #cryptotrading
Wall Street just flashed a warning that crypto traders shouldn’t ignore.
For the first time in 23 weeks, analyst earnings cuts are now outnumbering upgrades, according to Citigroup’s earnings revisions index.
That doesn’t mean stocks are suddenly heading for a crash.
The more important part is what may be driving the change: higher inflation pressure, rising yields and a higher cost of money are starting to feed into corporate earnings expectations.
And crypto doesn’t sit outside that system.
Bitcoin is already trading back around $84.6K as the 2-year Treasury yield reaches 4.79%. When rates and the dollar tighten financial conditions, both equities and crypto can feel the pressure.
For traders, I’d watch the revisions + yields + BTC combination rather than any single headline.
If earnings estimates keep falling while yields stay elevated, the macro backdrop gets harder for risk assets.
$BTC
$SPX
#bitcoin #Macro #cryptotrading
