The market has been pretty interesting lately:
AI fundamentals are strong,
And so are U.S. Treasury yields.
One is responsible for lifting valuations,
The other is responsible for putting pressure on valuations.
So recently when I look at $NVDA, $AMD, and $BTC ,
my first instinct is to look at the 10-year U.S. Treasury yield.
As long as rates don’t come down, Risk-on won’t feel especially comfortable.$BTC
AI fundamentals are strong,
And so are U.S. Treasury yields.
One is responsible for lifting valuations,
The other is responsible for putting pressure on valuations.
So recently when I look at $NVDA, $AMD, and $BTC ,
my first instinct is to look at the 10-year U.S. Treasury yield.
As long as rates don’t come down, Risk-on won’t feel especially comfortable.$BTC
