Employment data is abnormally good
So good that recession expectations are rekindled
This data combination is undoubtedly bad for risky assets
Good for safe-haven assets.
Bitcoin, a young emerging asset, has experienced two "recessions"
The first time was during the epidemic when it plummeted as the number one risk asset
The second time was last year when the wave of bank failures in the United States turned into a surge in safe-haven assets
What the market will choose this time, no one knows.
