The expectation of a rate cut in December plummeted from 72% to nearly 50% in just a few days, and the S&P 500 felt the impact.
The market is groping in the dark: inflation remains high, the labor market is weakening, and the Fed is not delivering any clear signals, exacerbated by the data blackout following the shutdown.
The result is this: increasing volatility and increasingly nervous pricing regarding the next steps in monetary policy.
Sad state the markets have become
Here is a conundrum.....suppose you could press a button and the following would happen:
HOWEVER, during the interest situation, Bitcoin falls >90% and although it starts growing slowly again, it never hits a ATH while you are alive....
Do you press that button? (I probably would)
Absolutely! Bitcoin just becomes an asset not a lifeline.
Lots of pain would come with this option but the next generation would have a shot of at a much better life.
Honestly, I'm very worried.