The Kobeissi Letter|May 20, 2025 15:16
Current situation:
1. Stocks are rising like the trade war is over
2. Gold is rising like the trade war is escalating
3. Yields are rising like the US has avoided a recession
4. Oil prices are falling like the US is entering a recession
5. The US Dollar Index is falling like inflation is gone
6. Bitcoin is rising like inflation is back on the rise
Never a dull moment in this market.
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