In terms of market moves, adding it all up: metals (risk-off), energy (mostly recessionary), treasury bonds (risk-off), crappy debt (risk on), equities (risk-off), and blessed bitcoin (risk-off) = seems like risk off to me. Consumer Economy Personal Income (PI); 25.346T +221.9B, (+0.88% m/m) 2024-Q4 GDP (GDP); 29.720T +344.7B (+1.16% q/q) Fed GDP Prediction (GDPNOW); -1.48%...
from Peak Prosperity https://ift.tt/obqHmP6
