Laeserin
· 1d
Oil and Bitcoin and gold and stocks and bonds are up.
Risk-on and risk-off, at the same time. LOL
Dollar milkshake playing out. See the forex markets for what's down.
Euro, pound, Swissy, Yen...
I do think stocks are getting ahead of themselves, but that's sort of in their nature -- seems to be sniffing out the printer. Because while oil will boost prices, it's NOT inflationary. Rather, it's a source of demand destruction.
Gold and bonds are a reasonable flight to safety in that context
Bitcoin I think is just in a sucker's rally, which seems to rhyme with some prior mid bear market silliness in March. It's not impossible Jane Street backing off, or the perception of it, could be at play, but I'm waiting for MVRV Z-score below zero for the all clear on near term downside volatility.
Not to say not buying...just, emotional preparedness, and the use of the occasional limit price.