Oil just ripped past $112/barrel—first time since May 6
Meanwhile equities are getting destroyed:
• Nasdaq -2.4%
• S&P 500 -1.2%
Classic risk-off. When oil spikes and tech bleeds, liquidity tightens fast. Watch $BTC correlation—if it follows Nasdaq, we're heading for pain. If it decouples, narrative shifts to inflation hedge.
Macro is screaming. Position accordingly.
Meanwhile equities are getting destroyed:
• Nasdaq -2.4%
• S&P 500 -1.2%
Classic risk-off. When oil spikes and tech bleeds, liquidity tightens fast. Watch $BTC correlation—if it follows Nasdaq, we're heading for pain. If it decouples, narrative shifts to inflation hedge.
Macro is screaming. Position accordingly.