When top dependents of the US stock market going up fall while beta is rising, they're either getting cheap or sending a message. My bias is the latter. Despite a total return of +2% for S&P 500 in 2025 to June 18, the Bloomberg Galaxy Crypto Index is down 14% and the Bloomberg Dollar Spot Index has dropped 7%. Record-setting gold may get it. Full report on the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/sx9yqat1um0x {BI COMD} #gold #stockmarket #bitcoin #cryptos #dollar @BBGIntelligence