Summary
- Lower oil gave stocks and gold a reason to rally, while Bitcoin traded like a risk asset that is losing buyers.
- Consensus expects October CPI to rise 0.3% month over month, with core CPI, which excludes food and energy, up 0.2%.
- Bitcoin falls with stocks on down days but doesn’t rise with them on up days. Gold rose during last week’s selloff and kept its gains in the rally.
Monday wasn’t a broad risk-on day. Lower oil gave stocks and gold a reason to rally, while Bitcoin traded like a risk asset that is losing buyers. Spot ETF outflows and a likely December rate hike are holding
