The monetary debasement trade is back and is the catalyst for a market regime change. I expect substantial crypto outperformance for the rest of the year.
This is just the tip of the iceberg. The money printer will fire up in full force soon.
BREAKING: The US Treasury announces it will double the size long-term US government debt buybacks following the rapid surge in US Treasury yields.
Repurchases of $2 billion will now be increased to "at least" $4 billion, the US Treasury said.
The move is intended to provide "liquidity support" for bonds maturing in 10 to 30 years as total US debt nears $40 trillion.
There is the intervention we have been calling for.