Vincent Deluard: French Bond Crisis, Bitcoin Outlook, and Market Risks

Rising Treasury yields, increasing oil prices, and the yen carry trade are all approaching a critical point, according to Vincent Deluard, who also cautions that stocks might follow. The StoneX analyst believes markets will remain stable through the midterm elections and the Anthropic IPO, but says spending on artificial intelligence cannot keep doubling indefinitely. Following November, he intends to become pessimistic on equities while maintaining a positive outlook for Bitcoin and gold.

Chapter timings:
00:00 - The argument that increasing Treasury yields signal long-term dollar debasement
02:01 - Whether AI and robotics can help the US grow out of its debt
03:48 - Comparing Bitcoin and gold as hedges against debasement
05:36 - What daily tax collection data indicates about the US economy
09:34 - An analysis of France's bond market crisis and its debt issue
12:21 - The risk of eurozone contagion and the rationale for shorting the euro
15:02 - Three signals at a breaking point: yen, oil, and Treasury yields
17:15 - Top-heavy stocks, the Anthropic IPO, and a potential post-midterm sell-off
19:52 - The return of QE and why it is bullish for Bitcoin and gold
21:27 - Bitcoin price forecast for the next two years

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