BlackRock's Rosenberg: Warsh ties tightening to AI, not oil
- —Rosenberg: rate markets now track the AI trade rather than oil
- —Goldman Sachs' AI stock basket is down 22% since early June
- —The 10-year Treasury yield closed below 5% on Oct. 22
- —US CPI was 3.7% year-on-year in September, core 2.6%
Why it matters: AI equities and Fed rate expectations now drive bitcoin risk more than oil; PCE data and the Dec. 8–9 meeting are the next catalysts.
Source: BeInCrypto DE