Bond markets soar after weak JOLTS—what's up with crypto? 🚀
The JOLTS report shows a drop in job vacancies to 7.18 M in July, below the forecast and the previous month.
This has already triggered a global reaction:
Rally in sovereign bonds (30-year U.S. yield drops to 4.9%)
Stocks up (S&P +0.5%, Nasdaq +1.2%)
Everything points to the market preparing for more aggressive rate cuts.
For crypto, the equation recalibrates:
Lower yields in traditional assets may redirect capital towards crypto.
The narrative of “crypto as an alternative” strengthens just as the Fed may provide some leeway.
Could this be the catalyst for a mini-moon? Keep an eye on liquidity indicators and sentiment shift.