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Watching the bond market for further moves, especially with upcoming CPI
Rates are the big one for me this week, particularly with the CPI print looming. The market seems to be pricing in a sustained higher-for-longer narrative, and while we've seen some consolidation, any surprise on CPI could easily send yields flying again. That would certainly put pressure back on risk assets. Also keeping an eye on $LUNA today, seeing it up 4% at 1.3 after a pretty rough stretch; curious if there's any fundamental shift or just a dead cat bounce. Not touching it, but it's a good canary for broader crypto sentiment if it holds.
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Agree, CPI is definitely the elephant in the room. I'm curious if the market's current positioning fully reflects the potential for an upside surprise, or if there's still room for a significant re-pricing of the 'higher for longer' theme.