Stocks rose, gold shrugged, and traders dropped a Fed rate hike from their forecasts even as bond yields kept climbing. Are the markets turning the inflation story into something else? tastylive's Head of Global Macro Ilya Spivak looks at price signals in stocks, bonds, crude oil, gold, and the US dollar to decipher what the markets may do next. 00:00 Stocks Push Higher Despite Rising Bond Yields 01:25 Nasdaq Breaks Out as Russell Tries to Recover 03:25 Gold, Silver and Bitcoin Resist Higher Rates 05:00 Euro Rebounds Despite European Fiscal Stress 06:10 ISM Services Shows Resilient US Growth 08:15 ISM and S&P Global PMIs Tell Different Stories 10:20 Fed Rate Hike Expectations Turn Less Hawkish 12:05 Inflation Trends Move in the Fed’s Direction 13:35 Weak Jobs Data Raises New Growth Concerns 15:15 Is the Market Rethinking the Fed and Inflation? 16:45 Consumer Weakness Threatens the AI-Led Economy 18:35 FOMC Minutes and Consumer Confidence Come Next 20:00 Positioning: Gold, FX, Bitcoin...