
@KobeissiLetter is right that Treasuries are back as the tech hedge: the 20-day 10Y yield/Nasdaq 100 correlation flipped from -0.68 to about +0.55. But one day does much of it. Drop 22 Oct and it's +0.33, and BTC's falls to zero. Why it matters: tonight's Fed tests if it holds. https://t.co/Yf7EK3ZwQ7
