Risk Assets' Diminishing Returns and Bitcoin/Gold - Bitcoin's decline vs. gold may suggest eroding returns for risk assets due to Federal Reserve easing. Our chart highlights the divergence: Gold and 10-year yields have risen as Bitcoin has fallen since the Fed resumed rate cuts on Sept. 17. The 10-year yield adding about 5 bps to Nov. 3 despite the Fed cutting 50 bps may be a sign that further easing will buoy inflation. Does gold get it, and why isn't Bitcoin rising? Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t576tfgq1yqe {BI COMD} #gold #bitcoin #stockmarket #bonds #federalreserve @BBGIntelligence(Mike McGlone)