PremiumBitcoin Bid As Stocks 'Dead Cat Bounce', But History Shows Friday's Low Gets Re-Tested
Tl;dr:Despite a weekend of escalation in the MidEast, jawboning this morning brought oil back from the edge and that (along with a dip in inflation expectations) supported a bounce in Friday's bidless equity cohorts. Big tech and bitcoin outperformed as bonds chopped around unchanged. Dollar's small dip backed gold's small rally, but the question on everyone's lips is simple...
Is this a 'Dead cat bounce' or a dip-buying opportunity... as investors reassess whether a higher-for-longer rate environment actually is enough to derail the structural momentum of the AI infrastructure build-out era and the cyclical momentum of a US economy that is charging through a three-month-plus energy crisis with little damage so far...