In this episode, Nik recaps one of the most eventful few days for financial markets this decade. With the soft landing narrative quickly giving way to a recession after last week's employment data, global markets went into a full tailspin, with US Treasuries dramatically bull steepening, stocks crashing, and bitcoin dipping below $50,000. He analyzes recent economic releases, discusses the volatility event and unwind of the Japanese yen carry trade, and carefully breaks down the price action from Tuesday's sharp, albeit partial, recovery.

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The Bitcoin Layer and its guests do not provide investment advice.

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