Good data, Bad data
Reminder #1, we’re still in #yield #inversion on the #US10Y and #US02Y bonds, which won’t be changing any time soon.
I still am guessing a 1% rate hike (100bps) but it could be 0.75% again, who knows. Probably that or larger because I bet the fed will want more breathing room. At some point I’ll write on inflation and how people get it wrong, but now’s not the time.
Don’t forget you still have the bad form of influencers out there trying to just get follows all day, tells you we haven’t hit bottom or anywhere near — because he’s not telling people how to sell.
@cz_binance of course answers a significant problem of crypto immediately, and on that he’s not wrong. He said the big problem is that Crypto wallets suck (shocker). But there isn’t an improvement that really exists, because it’s not an area people put thought into.
Blockchain miners are ready to follow the market. Yep, not lead it, but follow. Overall that means more down.
Again, I do mean down.
So, crypto and stocks drop tomorrow seems most probable, even short term. Not much to say.
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