$SpaceX(SPCX.US)The past few days have been brutal, with hotter-than-expected CPI and PPI prints triggering a broad market selloff. SPCX has given back most of its gains from the past few months, showing just how quickly sentiment can reverse when macro pressure takes over.
Fortunately, I sold most of my position during the previous rally, so I’m not taking the full hit on the way down. The one encouraging sign is that Treasury yields have started falling ahead of the broader market’s recovery.
For now, the key question is whether that drop in yields can provide some relief, or whether inflation fears will continue to dominate risk assets.
@Captain's Treasure
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.