Postingan

A magical scene: The Fed raised interest rates last week, and institutions were still saying "maybe four to six more hikes are needed" to suppress inflation, yet the Nasdaq hit a new all-time high tonight, and $BTC kept pushing upward. According to the old script, risk assets should shrink during a rate hike cycle. But with oil prices crashing and inflation expectations easing, the 10-year US Treasury yield fell back from above 5%, and the market immediately switched to risk-on mode, with risk