A post by @FirstSquawk on X.
WEAK OUTLOOKS FROM QUALCOMM AND ARM DEEPENED THE SELLING, SPARKING A BROADER FLIGHT TO SAFETY. TREASURY YIELDS FELL SIX BASIS POINTS TO 4.83%, BITCOIN DROPPED 5.4% TO $75,810, WHILE OIL ROSE 2.7% TO $90.54 A BARREL.
@FirstSquawk on X
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Weak forward guidance from Qualcomm and Arm intensified a broad risk-off move across markets, driving investors into safe-haven assets. Treasury yields fell six basis points to 4.83%, while bitcoin dropped 5.4% to $75,810. Oil moved the opposite direction, rising 2.7% to $90.54 a barrel. The cross-asset reaction shows how quickly disappointing chip-sector outlooks can spill into crypto and rates, with the simultaneous slide in bitcoin and yields pointing to deleveraging rather than a simple rotation.
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Named in this story
Arm (ARM), Qualcomm (QCOM), Bitcoin (BTC), US Treasury, Oil (OIL)
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