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ouch... too bad... a sign that we are late-cycle?
A bitcoin effect? Or just a remainder of the power of scarcity ?
It has now been over a year since the S&P 500 had a one-day drop of 2%+.
- 3rd longest streak since 2000. - The S&P went 949 trading days (3.76 years!) from 5/19/03 to 2/26/07 without a one-day drop of 2%+. Source: bespoke
Bitcoin hit an all-time high at $69k and then dropped by -10%
Source: Not Jerome Powell
What will happen to gold if/when Fed cuts and real yields plunge to negative territory?
Source chart: The Macro Guy, Macrobond
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