#whatwilldrivecryptoandstocks’nextrebound? Right now, sticky inflation (hotter CPI and tonight's PPI data) has pushed Treasury yields higher and forced markets to price in a potential December Fed rate hike instead of cuts. For risk assets to catch a real bid, yields and the U.S. dollar (DXY hovering near 103.50 resistance) need to cool off. Even a slightly softer-than-expected inflation print or less hawkish Fed minutes on November 18 could trigger an immediate relief rally....
What ya guys think?