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August Turmoil: Besant Intervenes, Policymaking Strategies Quietly Revealed
The US Treasury Secretary intervened in the bond and forex markets, making it clear that they would rather see the currency depreciate than allow the bond market to collapse, thus revealing their bottom line for supporting the market. Gold, Bitcoin, and other assets have returned to the spotlight. Meanwhile, the narrative around AI is shifting rapidly from the "construction phase" to the "application phase." The current market is exhibiting rare divergence, with an AI frenzy occurring alongside declines in non-AI assets, as capital fiercely competes to identify the true beneficiaries.