Earlier remarks focused on the economy, the Fed, USD, bonds
Now on crypto and oil
- Bitcoin seems stuck at USD6300
- Little trading
- Less volatile than the USD
:-D
Oil:
- Oil move is a panic flush
- not expecting much lower price
PS. charts on both are at ForexLive, this a BTC update
More still coming:
- US rates not very attractive
- no global bond shortage
- unusual bond price action during risk-off moves may suggest change in market sentiment
- sees bear markets in homebuilders, autos, banks
- rates can jump due to higher inflation from tariffs
- we have seen the bottom of US interest rates