What Do Bitcoin & the CPI Data Have in Common?
- Tomorrow’s CPI data could be an important catalyst for longer-term Treasury yields…given that they are testing a very important resistance level right now. Whether the CPI number has an impact or not, we’ll be watching the Treasury market VERY closely this week….because it should have an important impact on the stock market as well.
- Another risk asset that is testing a key resistance level is Bitcoin. Whether or not it breaks that level should give us an indication of how plentiful liquidity will be going forward. Therefore, we’ll be watching this market very closely this week as well.