Odaily News Arthur Hayes, co-founder of BitMEX, said when interpreting the trend of U.S. bonds and stocks: "The Fed is running out of time. The system is falling apart."
From the chart, the US stock market and the 10-year US Treasury yield fell simultaneously, which is different from the old logic of "stock and bond falling together = good news". Hayes pointed out that the market has finally realized that if the global dollar export revenue declines, it will not be able to continue to support the demand for US stocks and US Treasury bonds, and "the game is over."