Thoughts going into FOMC
Markets are forward looking. Crypto even more so bc it's not under anyone's control. It's the only free market left in the world
The Fed is still adding to it's balance sheet but at a decreased rate. Smart money prepped last month. Slow money this week
Markets are forward looking. Crypto even more so bc it's not under anyone's control. It's the only free market left in the world
The Fed is still adding to it's balance sheet but at a decreased rate. Smart money prepped last month. Slow money this week
That's still less buy pressure than we've been seeing, so someone has to pick up the slack. They have been giving warning signs to prepare the market as opposed to shock it and let a little air out of the bubble. I don't expect a rate rise in the next 3 months personally
We should see prices start to stagnate a little when we see the purchasing start to decrease. It took the power of the Fed to push these markets vertical. You remove any amount of that support how much do markets keep going up at this clip?
I wrote about this in April here:
So next time you cheer on inflation. Remember it's only good in moderation like anything in life.
getrevue.co/profile/pentos…
So next time you cheer on inflation. Remember it's only good in moderation like anything in life.
getrevue.co/profile/pentos…
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