The Fed's interest rate cut expectations are swinging back and forth, and the dollar index is grinding in the 104-106 range, with overall risk appetite contracting. In this environment, sector rotations are more brutal than a one-way market. Among the Mag7, only AI hardware is holding up, with Nvidia's narrative keeping the semiconductor sector afloat. The major ETFs SPY and QQQ have basically been flat over the past week. The $BBX on-chain US stock contract has a beta that isn't too high, following macro sentiment rather than an independent narrative.

Looking at $BBX data, it dropped 3.68% in 24 hours, hitting a price of 9.15.

Trading Tag: #TradFi #链上美股 #BBX

How long do you think this macro narrative can hold up for BBX?