Whatever your opinion of these assets, they're all behaving in a fairly similar fashion, and they all have been behaving somewhat similarly over the last 3 years.
No surprise, bitcoin and foreign currencies ten to outperform when financial conditions are loose and loosening. The vice versa is likely true as financial conditions tighten.
Interestingly, if you pull up the charts on an individual basis, they all are retesting flags on a technical level. That doesn't mean they won't break back up and rally, but all three showing the same sign seems to add more weight behind likelihood that markets are in for a break upward in real rates and reduced liquidity / financial conditions.
No surprise, bitcoin and foreign currencies ten to outperform when financial conditions are loose and loosening. The vice versa is likely true as financial conditions tighten.
Interestingly, if you pull up the charts on an individual basis, they all are retesting flags on a technical level. That doesn't mean they won't break back up and rally, but all three showing the same sign seems to add more weight behind likelihood that markets are in for a break upward in real rates and reduced liquidity / financial conditions.