Actually, if the power supply caps were in the signal path (in series), you would have a highpass filter so it would be an LF rolloff. There would be no bass.
There is some confusion: "in the signal path" means in series. Decoupling capacitors are in the signal path. Parallel caps are fine and necessary - cleans up the signal which everyone likes.
There is some confusion: "in the signal path" means in series. Decoupling capacitors are in the signal path. Parallel caps are fine and necessary - cleans up the signal which everyone likes.