Bitcoin dropping after Strategy sold is a reminder that sentiment can change quickly, even in strong long-term trends. For me, the bigger story is oil. If disruptions around the Strait of Hormuz persist and Brent moves toward $100, inflation could reaccelerate and make central banks more cautious. That would have implications for stocks, crypto, and bonds all at once.
Fed Hawkish Repricing? More Hikes or Imminent Pivot?
The June FOMC's hawkish shock continues to reverberate: nine of 18 officials' dot plots point to a rate hike this year, and swap markets pulled forward the first hike from March 2027 to October, sending 2-year Treasury yields to their largest single-day surge since March.
Goldman's Kaplan warns of two to three consecutive autumn increases. Citigroup stands alone on the other side, citing collapsing oil prices, rising jobless claims and calling for rate cuts as soon as October.
Are you siding with the hawks, or betting on Citi's contrarian pivot call?
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