U.S. stock indices, especially the S&P 500, are pushing higher with strong momentum.
As I’ve mentioned before, when momentum becomes aggressive in either direction across U.S. equities, the correlation with the crypto market — especially Bitcoin and Ethereum — usually becomes much stronger.
That is exactly why I keep watching the S&P 500 alongside and $ETH .
At the same time, oil is moving toward the $100 area and could even break below it. If crude continues to weaken, that can reduce pressure on inflation expectations and risk sentiment, which would generally be a positive development for other assets.
For now, stronger U.S. equities and weaker oil are creating a more supportive environment for risk assets.
#oil
As I’ve mentioned before, when momentum becomes aggressive in either direction across U.S. equities, the correlation with the crypto market — especially Bitcoin and Ethereum — usually becomes much stronger.
That is exactly why I keep watching the S&P 500 alongside and $ETH .
At the same time, oil is moving toward the $100 area and could even break below it. If crude continues to weaken, that can reduce pressure on inflation expectations and risk sentiment, which would generally be a positive development for other assets.
For now, stronger U.S. equities and weaker oil are creating a more supportive environment for risk assets.
#oil
