The CPI figure of late was already indicating it is falling hence the bond yields followed too. Maybe the market is thinking more bad economic news is good stock market bullish whether it is a hawkish pause to a dovish cut eventually?
The SP500 ras recovered from the mid year peak to slump coinciding from the inverse of the bond yields. The DXY could be diverging from the risk stock market if what I think it is influenced by the geopolitics in the ME currently.
By the end of this week we will likely have a better read from the gold price action from the current ATH. My gut feel is that we may see the money rotating back to Bitcoin in the same inverse relationship that have existed for sometime. I wish we have better local Bitcoin ETF with the current crop suffering liquidity or exiting the market as fast as it entered!
Unfortunately Bitcoin is the better bet from a chart perspective.
