Welcome to Markets Desk, here's what's moving the needle right now.
Bitcoin ETFs took a sharp hit Thursday, shedding six hundred forty three million dollars in a single session, erasing the entire week's inflows. Five funds recorded net withdrawals with nothing on the other side to absorb the blow, a reminder that institutional appetite for crypto remains fragile and sentiment-driven.
Feeding into that broader risk-off mood, investors are quietly rotating back into bonds after a prolonged sell-off, driven by growing unease over the economy's concentration in AI and tech spending. The Financial Times reports that growth bets are being trimmed as portfolio managers worry the market has leaned too heavily on a single structural theme, leaving it exposed.
And then there's the labor picture, which adds a longer-term dimension to that anxiety. Bureau of Labor Statistics data shows American workers are now taking home just fifty-two cents of every dollar of economic output, the smallest labor share recorded since tracking began in nineteen forty seven. Corporate earnings are climbing, GDP is expanding, but wages are not keeping pace, and that divergence has real implications for consumer demand down the road.
That's the tape. Markets Desk, signing off the floor.
