Bitcoin, Breakevens, & Big-Tech Breakdown As Inflation Batters Bond Bears
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Bitcoin, Breakevens, & Big-Tech Breakdown As Inflation Batters Bond Bears

With a non-stop barrage of hawkish FedSpeak today, following record high PPI, no one should be surprised that stonks shit the bed as the realization dawns that any Powell Put is struck considerably lower than this and the game of chicken continues. Nasdaq wasa clubbed like a baby seal today, down over 2.5% (from up almost 0.5% after PPI). The S&P fell 2%, Small Caps -1% and even The Dow was dumped...

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