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Yields Spike Has Smart Money Dumping Into Retail, Bitcoin Surges With Gold

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from Gareth:

Yields Spike Has Smart Money Dumping Into Retail, Bitcoin Surges With Gold

The S&P fell half a percent, which is nothing — but the dollar broke down while the 30-Year hit a 25-year high, and that combination is a warning shot about trust in the US financial system. Gareth Soloway walks the megaphone pattern boxing in the S&P, why the semis cushioned the Nasdaq, and the one asset with no excuse not to rally in a setup like this.