Bitcoin Soars +3.23%, Moving With Gold Since March As Expectations Of Fed Rate Hikes Grow And US Dollar Deteriorates

#bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Banking, Bernanke, CDS, CMBS, CRE, Credit, ECB, Economy, fannie mae, Fed, Gold, Housing, Inflation, Mortgage, Oil, Pension, Powell, REITs, Silver, SPX, Stocks, Taylor Rule, Treasuries, Treasury, Uncategorized, Volatility, Yellen, Yield Curve 1 Minute

Fridays are always fun in the market. Bitcoin is up 3.23% as The Fed took a pause yesterday.

Note that bitcoin and gold are moving together since March 2023 as the US Dollar deteriorates. And expectations of Fed rate hikes (yellow dashed line) increases.

On the housing front, the University of Michigan Buying Conditions for Houses rose to 50, far below the 142 level before Covid and Gov’t Gone Wild!!

As least Desperate Housewives star Eva Longoria knows better than to trust Creepy Grandpa Joe! Or Pedo Peter as his son Hunter calls him.

Unknown's avatar

Published by confoundedinterest17

Published