Does JP Morgan have a leg to stand on when it talks about Bitcoin?
The U.S. economy continues its pursuit of normal as both the manufacturing and services PMIs ease off their post-pandemic surges into more typical growth territory. And as JP Morgan publishes a somewhat dour prediction for the equity markets, bond yields around the world have fallen as supply and new issuance remains highparticularly in the high yield market. Meanwhile, in commodities, Bloombergs commodity index hit highest level since 2015 as oil prices jump following OPECs failure to make a deal on increasing production. Good thing renewables are expanding their market share Looking globally, not everyone is on the road back to normal as Chinas debt could mean theyre primed for a debt-related financial crisis.