Seems the “Trump Trade” with Bitcoin (+370bps) and Infrastructure (+240bps) are the driver leading the US market higher.
The Dow Jones had a good day - up a nice 742 points or 1.85%!
Meanwhile in crypto land we saw continued inflows into the list Bitcoin ETF hwich is just sucking up any excess supply.
Source: Coinglass
This saw Bitcoon come back upto USD $65,000 while Ether also rallied hitting USD$3,500 on reports that ETH ETF's approval is imminent.
Not to be ignored, Gold also made a NEW RECORD high of USD$2,474.50
And this chart never gets old but are US Stocks hoping for re-liquification???
Source: Bloomberg
That's a USD$12 trillion 'gap' in central bank liquidity priced into stocks - what would that kind of liquidity jolt do to gold and crypto?
Stay tuned!
Happy Wednesday!
Oh yeah - the house move is happening. slow but it is happening. The big move day is next Monday so i'll be offline and out of the office on 22 JUL
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