Investor flows continue to favor traditional hedges and equities, as bitcoin ETFs extend outflows despite broader markets rising.
The number of S&P 500 companies mentioning 'recession' in earnings calls has dropped significantly from nearly 125 to under 25.
JPMorgan expects a high single-digit rise in the S&P 500 over the next 12 months.
Investors move away from U.S. assets, causing a rise in Treasury yields and a decline in the dollar index and U.S. stocks.