FT dropping cold water on TradFi:

"Don't own bonds and be cautious with stocks"

When legacy media starts flashing red on both equities AND bonds, you know macro's cooked. This is the environment where:

• Flight to hard assets accelerates
• Risk-off means vol spikes across all markets
• Crypto either gets dragged down short-term OR proves its non-correlated thesis

If bonds and stocks both suck, where's capital rotating? Gold's pumping, $BTC sitting at interesting levels. Classic macro setup where traditional 60/40 portfolios are getting absolutely rekt.

Watch liquidity. When TradFi bleeds, crypto either follows or decouples. We're about to find out which.