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.
Payrolls Meet an AI Policy Shock — What Reprices First?
The Nasdaq plunged 5.54%, QQQ 6.49%, and the S&P 500 4.36% Thursday as investors repriced AI data-center capex and regulatory risks after Democrats won control of Congress. Friday’s payrolls report is due at 21:30 Beijing time, with consensus near 60K versus 29K prior and unemployment at 4.2%. Bulls hope softer data eases rate pressure; bears warn strong data could lift yields. What will matter most for tech: payrolls, unemployment, or wage growth?
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