😱 The yield #curve un-inverted. The copper-gold ratio still won’t commit. 10Y, 2Y at +63bps. 10Y, 3M at +62bps. Recession probability ~14.5%. But copper-gold prints 2 bull and 4 bear confirmation signals, unresolved. CT watches Powell. The macro grid says liquidity is loosening but #growth signals are mixed. Risk assets price the resolution, and #crypto is the highest-beta resolution trade. See macro × #crypto #crypto
