The Macro Brief Mini Deck: BTC, TLT, SKEW and EMLC

Where Macro Meet Markets

Bitcoin has gone virtually nowhere since May, and it’s still down 50 percent since I began warning about altcoin overperformance against BTC in March and April. We’ll, it seems that interest - or prior warnings - were abound. Addresses with more than 1,000 BTC began dumpling back in February, long before the price topped.

Over that same period until the …