Banks Bid, Bonds & Bitcoin Battered As Stagflation Scare Soars

Ahead of a week full of potential headline-bombs (FOMC, Q2 GDP, PCE…), the day started off – from a macro perspective – to the downside with EU PMIs an utter disaster (growth plunging but inflation sticky). Then came the Chicago Fed’s National Activity Index which printed significantly more negative than expected (with 54 of the […] Source