The traditional assets of the United States are going crazy as the commercial tensions of Us-China continue to shake the global markets, now together with the new data of feeling of falling to the economy of the United States and the growing inflation concerns.
The most recent survey at the University of Michigan, published on Friday, found that the feeling of the consumer fell to 50.8 of 57.0, reaching the most depressed level in three years and well below what was seen during 2020 Covid closures. Integer year inflation expectations increased to 6.7%, compared to 5% in the previous month and the highest reading since 1981.
At the back of the data, investors resumed the sale of US government bonds and backbacks, two traditionally considered assets as safe paradises. The 10 -year treasure yield shot over 4.55% during the morning hours of the United States, more than 50 basic points in just one week. Meanwhile, the dollar index (DXY) sank below 100 to a minimum of three years. The gold, meanwhile, reached a new record of $ 3,240 per ounce.
After a few tremendously volatile sessions, US actions were quoted in a much more strict range on both sides of non -changes on Friday. At the time of publication, Nasdaq was higher at 0.6%
Meanwhile, cryptocurrency markets moved higher, with Bitcoin (BTC) having a maintenance of $ 82,000, winning 4% in the last 24 hours. The large market Coindesk 20 index increased by 3%, with Altcoin Majors Solana’s Sol, Avax de Avalanche leading with 6% profits.
Signal or noise?
While some macroeconomic analysts fear that the recent increase in yields of government bonds threatens the future perspective of the US economy, others believe that investors are reading too much in the market changes in the short term.
“The US dollars and the debt of the United States government, two of the most liquid secure shelter categories on the market, are going crazy,” said Noelle Achison, analyst and author of The Crypto is Boletter Macro Now, in a Friday note. “This is not the case of other safe shelters, however, only those directly linked to the United States”
“I think it is much more likely that recent acute movements in these classes of assets are due to the fact that highly leveraged market participants are forced to get out of positions that due to the foundations,” said billionaire investor Bill Ackmann in an X position.
“The technical factors are promoting the dramatic movements of the market,” Ackman continued. “As a result, markets have become increasingly reliable as short -term indicators of the impact of changes on policies.”
