Crypto Struggles Despite Favorable Macro, HYPE Supply Overhang Fading, Still Favor Flexibility + Leaning Into Winners
May 28, 2026
Macro Data Helps Risk Assets, Though Inflation Questions Remain: Risk assets broadly benefited from a constructive macro backdrop today. April PCE came in below consensus expectations, while crude continued to move lower on optimism surrounding a potential U.S.-Iran agreement. Together, these developments helped push yields lower and contributed to broadening participation across equities, particularly within the AI and growth-oriented segments of the market. While I remain skeptical that inflation pressures have...