As some observers expect bitcoin to catch up with the recent rally in stocks, QCPCapital suggests otherwise, saying the S&P 500 has overshot fundamentals. By godbole17
According to QCP Capital, stocks have overtaken fundamentals and could soon fall back.
Risk assets, including cryptocurrencies, have mostly moved in the opposite direction to the two-year U.S. Treasury yield this year as the Federal Reserve embarked on its most aggressive rate hike cycle in decades. The two-year yield closely tracks the near-term interest rate and inflation expectations.
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