A Lot May Be Riding on Bitcoin/Gold Going Up - The simultaneous rise in equities, Treasury bond yields, Bitcoin and gold appears unsustainable, and at a minimum due for some volatility post-summer doldrums. A scenario my graphic highlights is that if risk assets keep rising, inflation and T-bond yields might too, tilting the Fed toward tightening vs. easing, counter to Trump administration goals for lower rates. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t1e427gpwcja {BI COMD} #gold #bitcoin #bonds #stocks @BBGIntelligence(Mike McGlone)