WickedDesk Weekly #010: Liquidity Against Headwind
This was not a simple risk-on week. Long-end Treasury buybacks, a midweek drop in yields and a strong bitcoin impulse met hawkish Fed minutes, weak breadth and harsh reactions to consumer numbers. Friday brought strong PMIs and a modest index rebound, but no all-clear from the long end. The market signal remains yellow 55 based on the HIVE snapshot. Bitcoin, MRNA, DE and ROST moved hard, while WMT warned through price. This issue separates liquidity impulse, real group leadership and stretched reactions.
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