StoneX Global Macro Director: French Bond Market Contagion & BTC Market Outlook | Vincent Deluard
Bitcoin Magazine StoneX Global Macro Director: French Bond Market Contagion & BTC Market Outlook | Vincent Deluard Treasury yields and oil surge as StoneX's Vincent Deluard warns equities are next. He turns bearish on stocks post-November while staying bullish on Bitcoin. This post StoneX Global Ma
Source: Bitcoin Magazine
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DW NOTE
StoneX's Deluard is calling the top after the midterms and the Anthropic IPO — a curiously specific pair of catalysts for a macro bear turn. His thesis: AI capex can't double forever, so equities roll over in Q4 while Bitcoin and gold hold. But gold is down 22% from January's high and has fallen nearly 7% in a month as nominal yields climb. If that's the debasement hedge, the market isn't buying it yet.