Treasury yields, oil prices and the yen carry trade are all reaching a breaking point, and Vincent Deluard warns that equities could be next. The StoneX strategist argues that markets will hold up through the midterms and the Anthropic IPO, but that AI capex can’t keep doubling forever. After November, he plans to turn bearish on stocks while staying bullish on Bitcoin and gold.

Chapters:00:00 Why Rising Treasury Yields Point to Long-Term Dollar Debasement02:01 Can AI and Robotics Grow the US Out of Its Debt Problem?03:48 Bitcoin vs. Gold: Which Is the Better Debasement Hedge?05:36 What Daily Tax Collection Data Reveals About the US Economy09:34 Inside France’s Bond Market…

Read more on BitcoinMagazine