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