Bond relief, but breadth stays weak. Europe, EM equities and real estate remain under pressure, while US equities and BTC sit near trend boundaries. Still fragmented—not broad risk-on or risk-off.
@w18notes.bsky.social
@w18notes.bsky.socialBond relief, but breadth stays weak. Europe, EM equities and real estate remain under pressure, while US equities and BTC sit near trend boundaries. Still fragmented—not broad risk-on or risk-off.
@w18notes.bsky.socialHot CPI hit US and high-beta assets, but the cause remains unclear. High yields persist; oil and Japan equities stay relatively firm.
Busy day-job days may mean no social post, but the site is still updated.
@w18notes.bsky.socialUS and Japan equities remain relatively resilient, while Europe and real estate stay weak. Oil and Bitcoin show selective strength, but broad risk-on is still unconfirmed.
@w18notes.bsky.socialUS/Japan equities remain relatively firm, while real estate, Europe and EM debt stay weak. High US yields persist, but markets remain split—not broad risk-on or risk-off.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialUS and Japanese equities stay firm, while rates, Europe and real estate remain heavy. Lower yields would not automatically mean relief; the cross-asset split remains unresolved.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialEM, Europe and real estate remain under pressure, while US and Japanese equities stay relatively resilient. Broad risk-off is not confirmed, and lower yields may signal relief or growth concern.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialEurope and real estate remain weak, while US equities and Bitcoin retain relative resilience. Crude oil is strong, but broad commodity strength is unconfirmed.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialUS equities remain relatively resilient, while Europe, real estate, EM debt and crypto stay under pressure. Stress is selective rather than system-wide, and the causes remain unresolved.
@w18notes.bsky.socialEurope remains the weak spot, while US equities stay resilient. Rates, real estate and crypto still lack broad confirmation, keeping the backdrop selective and cautious.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialUS equities remain firm, but high long rates, weak real estate and uneven confirmation across Europe, Japan and crypto keep this a fragile relief—not a broad turn.
@w18notes.bsky.socialEquities and crypto remain resilient, while long-duration assets and real estate stay weak. The split persists, but neither the cause nor the direction of convergence is confirmed.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialBusy with work today, so I may not be able to post the usual updates.
Please check W18 Notes directly for the latest market observations:
w18notes.com
@w18notes.bsky.socialUS and EM equities remain resilient, but high long yields, Europe and real estate keep the backdrop selective—not broad risk-on.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialEquities and crypto show selective strength, but high yields, real estate and credit keep the backdrop restrictive. Resilience is real; broad financial relief is not confirmed.
@w18notes.bsky.socialEurope remains unresolved: equities and bonds rebound, but EUR and real estate stay weak. Crypto holds firm while oil fades. Short-term relief is not yet broad confirmation.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialEurope, real estate and EM funding remain under pressure, while Japan equities and crypto stay firm. Resilience is selective, and the drivers are not one simple chain.
@w18notes.bsky.socialJapan equities, oil and Bitcoin remain firm, while long rates, real estate and Europe stay weak. Stress has multiple sources—not one US-led shock.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialJapan equities lead, but long rates and real estate stay weak. Europe remains soft; crypto still holds its medium-term trend. Selective stress, not broad risk-off—and no single driver explains it.
@w18notes.bsky.socialLate post, Japan equities and crypto remain resilient, but high US yields, credit stress and weak US-European real estate keep this selective, not broad risk-on.
Notes:
w18notes.com/en/notes/tok...
@w18notes.bsky.socialRate and real-estate stress is clear, but equities and crypto still hold up. Dollar strength is euro-led rather than broad, and EM remains divided. This is localized stress—not confirmed system-wide risk-off.