Investors shouldn't feel the need to chase short-lived relief rallies: Fairlead's Katie Stockton

• S&P 500's recent bounce is an interruption, not the end of the corrective phase, with potential for further downside.
• Crude oil's breakout is real and meaningful, with potential to reach $130-$147, impacting the economy.
• U.S. 10-year Treasury yields are expected to move higher towards 4.75%, indicating inflation concerns.
• Bitcoin is in a prolonged basing phase, with retests of $58k-$59k support likely before a sustained recovery.
• Gold is entering a long-term range, with potential for further downside exhaustion within this corrective phase.

Katie Stockton expresses a cautious to bearish outlook on U.S. equities, viewing recent rallies as temporary interruptions within a corrective phase. She anticipates continued upside for crude oil, higher Treasury yields reflecting inflation concerns, and a prolonged basing period with potential retests of support for Bitcoin and a long-term range for Gold.