We have seen some positive correlation between bond yields and stocks recently.
Adding long-dated US Treasuries as a portfolio hedge now makes more sense. Source: Bloomberg, Barclays
JUST IN: Over $330,000,000,000 added to the cryptocurrency market in the past 4 hours.
Source: www.zerohedge.com
Some shorts might get hurt today
Source: www.zerohedge.com
The idea of XRP, SOLANA and CARDANO in a strategic U.S. reserve is so retarded that even Peter Schiff is becoming a Bitcoin maximalist.
Source: The ₿itcoin Therapist @TheBTCTherapist
Updated technical chart on bitcoin by J-C Parets.
👉 102 level is the big one. 155 is next. 242 after that. Source: J-C Parets
⚠️Markets are RAPIDLY shifting again:
The market is pricing in almost 3 Fed rate cuts in 2025, the highest since November. This is up from just 1 reduction expected just 2 weeks ago. This comes as US economic data has deteriorated sharply, and Treasury yields have dropped. Source: Global Markets Investor, Augur Infinity
Some much needed liquidity is coming...
The TGA (Treasury General Account) is finally getting depleted Here comes the flood: Treasury injects avalanche of cash into the economy ($170BN in 3 days, the most since covid) as debt ceiling extraordinary measures are exhausted. Could this prop up risk? What is the Treasury General Account and why it matters? The TGA is used by the Treasury to hold cash to fund government operations. When the TGA balance is high, it means the Treasury is holding more cash than it is spending. This cash accumulation can occur due to higher-than-expected tax receipts or issuance of Treasury securities. Conversely, when the Treasury spends this cash, it injects liquidity into the financial system. Therefore, the TGA balance is a significant determinant of liquidity in global financial markets. Source: zerohedge
The US government RECESSION has begun:
Government + quasi-government education & health job addition accounts for ~70% of all payroll creation, down from ~85% in Feb 2024. It is expected this will fall even further in the coming months, meaning non-farm payrolls will weaken. Source: BofA
