Last week, the S&P 500 and metal prices rallied amid cooling inflation, which also contributed to a weaker US$ and lower yields.
Stronger-than-expected retail sales and softer-than-anticipated jobless claims further fueled optimism about a potential 'soft landing' for the U.S. economy.
The lithium sector witnessed a significant M&A deal, potentially reigniting interest in a sector that has been underperforming for nearly two years.
Gold prices surged to over US$2,500/oz for the first time. However, gold producer valuations are 11% lower than the past three instances when gold surpassed US$2k/oz.
With four out of five key statistical indicators suggesting potential strength, our near-term outlook for Bitcoin has turned from bearish to bullish.
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