The very thing that the govt has been trying to shut down on/off-ramps to is having its best performing day of the year while the govt is forced to intervene on financial problems that it created.
Probably some signal in there. #BTC
@BillAckman@SVB_Financial So, we, the taxpayers, dealing with BACK BREAKING inflation, homes/rents we can’t afford, and declining job prospects (while companies buy back trillions in their own stock), should be forced to bail out millionaire gamblers… AGAIN?
@TKralow not really, dxy is the story teller here.. but from the perspective of a market maker - we could have a third higher high to get a lot of longs to get rekt when dumping for real.. btc decoupling from stocks/money market is just bulls*t..
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I unpacked how the @42macro Secular Inflation Model presages the Fed’s difficult choice in 1-2yrs to save the stock market OR the bond market and US dollar with @jam_croissant and @TopTradersLive this summer: https://t.co/1DyQ0d5Qh5
Janet Yellen yesterday: “We haven’t seen any indications of financial instability in our markets”
Janet Yellen now literally 24 hours later: “I’m concerned about the loss of adequate liquidity in treasuries”
What is going on?