This is Fine
With RFK now endorsing Trump a potential divide between Bitcoiners has been closed. The Fed's announcement of incoming lower rates suggests they'll desperately preserve their "soft landing" narrative despite facts.
What is gold trying to tell us?
Gold quietly made a new all-time-high last week, usually gold surges when markets are fearful uncertain. Could it be Kamala's economic policy proposals spooking the market?
Was the Japan carry trade a nothing burger?
Hardly. They managed to put a cork on the crisis this time, but did not solve the underlying problem. It's a matter of time before massive leverage causes the market to blow a gasket.
Is this "The Big One"?
The markets were smoldering all weekend before finally erupting on fire this morning in a wave of liquidations. All eyes on whether this gets contained or second wave turns this into a full blown crisis.
