The signal turned favorable with real substance: spot Bitcoin ETFs saw net inflows for the first time in weeks, while the crowd is still at extreme fear. Buyers returning before the mood lifts is the setup patient investors watch for. Next week's inflation data is the test.
The committee of twelve that replaced the gold standard, how it sets interest rates, and why traders watch its calendar so closely.
All ten risk thresholds read healthy today (see the 10-institional dashboard below) — credit, the Sahm rule, oil, the dollar, both ISM readings, volatility, BTC ETF flows and dominance, and stablecoins.
Brent oil: ~$71 (Jul 1) → $101 today, about +41% in three weeks.
Corporate Credit is healthy (OAS 2.69%) | VIX is calm (17) | Employment stable (0.07)