Innlegg

The signal isn’t simply “weaker growth= lower rates.” July retail sales fell 0.6% MoM vs. +0.1% expected, while Michigan sentiment dropped to 51.0 from 55.2. Softer demand and cooler inflation reduce the case for a September hike, but1-year inflation expectations rising to 4.3% complicate the easing outlook. My take: more weakness could support gold and BTC via a softer dollar and lower yields, but sticky inflation expectation assets.#WeakConsumptionFedSplit #SP500EarningsGap #BTCETFsVsLeverage