Nasdaq Soars to All-Time High as Bitcoin and Gold Stumble Post-Macro Data Release

Wall Street's tech-heavy index rockets past milestones while crypto and bullion traders lick their wounds.

Risk-On Rally Leaves Safe Havens in the Dust

The Nasdaq Composite smashed through another record high Tuesday as investors doubled down on growth stocks—flipping the bird to inflation fears and rate hike whispers. Meanwhile, Bitcoin failed to hold the $60K psychological level and gold slipped below $2,300/oz, proving once again that 'digital gold' and the OG shiny metal can both get wrecked when the Fed starts playing macroeconomic mind games.

Liquidity Tsunami Diverted From Crypto Harbors

Market makers clearly decided tech stocks were the only casino worth visiting after the latest PCE data dropped. Trading desks reported brutal order book imbalances for BTC spot markets, with algos ruthlessly hunting stops below key support levels. Gold bugs didn't fare much better—the metal's failure to act as an inflation hedge this cycle continues baffling boomer portfolio managers who still think it's 1974.

Funny how 'store of value' assets keep storing less value every time the money printer slows down. Maybe the real inflation hedge was the friends we made shorting bonds along the way.