Week in Markets
Week in Markets: CPI 3.8%, PPI 6%, 30-Year Tops 5%, Warsh Confirmed 54-45, BTC Tests 200-DMA, ETFs Lose $1B
April CPI hit 3.8% YoY (highest since May 2023) and PPI surged to 6.0% YoY, the largest monthly producer-price gain since March 2022. The 30-year Treasury crossed 5% for the first time since May 2025. The Senate confirmed Kevin Warsh as the 17th Fed Chair 54-45, the closest in modern history. Trump-Xi summit thin on tariffs, delivered Boeing 200-jet letter of intent. Iran ceasefire collapsed, Brent reclaimed $108 (+8%). Bitcoin tested 200-DMA at $82,028 and was rejected for the second consecutive week, closed Friday $80,832. Spot BTC ETFs lost $1.0B ending a six-week positive streak. Solana diverged +13-15% on Alpenglow upgrade. CLARITY Act cleared Senate Banking 15-9.