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U.S. dollar advances while gold, silver, bitcoin, and copper fall, Craig Shapiro notes
Craig Shapiro observes that the U.S. dollar continues to rally, with front end yields reaching the highs of the day.
He notes that gold, silver, bitcoin, and copper are trading at their lows, while the equity bounce appears to be largely driven by 0dte dynamics. According to Shapiro, cross-asset markets suggest that this trend is likely to fade.
Shapiro has recently commented on other key market developments. He attributed a nine-day rally in the S&P 500 to mechanical flows as macro pressures increased in a recent note. Earlier, he identified Broadcom’s AI revenue guidance miss as the first credible repricing signal for the sector in 2026, according to a separate report. These observations come as cross-asset trends remain in focus.
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