#BTC
Kevin Walsh has taken office, keeping an eye on the scripts for US stocks, gold, and crypto.
So, Kevin Walsh has officially sworn in, and Old Xu's previous assertion is starting to hold true, which is that if Walsh sticks to a monetarist policy framework, he will become the strictest father of crypto gold in US stocks. Let's follow up on the recent impact of Walsh's ascension on the scripts for US stocks and crypto gold (note: recent).
First, during the inauguration ceremony, Kevin Walsh reiterated the Fed's dual mandate to promote price stability and maximize employment. However, the real key signal is that he didn't mention Powell or Bernanke, but instead paid tribute to Greenspan. He also emphasized leading a reform-oriented Fed away from rigid frameworks and models, which likely means his monetary policy framework will prioritize controlling inflation and managing risks flexibly.
Given the current backdrop of high inflation in the US, there’s a strong likelihood of prolonged high-interest rate environments. Some Fed members have even hinted at tapering, which means the market's hopes for easing have been doused with cold water. At the same time, the pragmatic new policy framework brings a lot of uncertainty.
Now, let's talk about the recent impacts on various markets. Currently, crypto has dropped from around 80k, now down by more than a few points. Gold is also under pressure, firmly pinned around 4500, and next week will likely kick off the 4400 defense battle.
Without any signals of easing expectations, both crypto and gold are going to have a tough time. If US stocks didn't have the anomaly of AI, they would surely take a hit, possibly slapping down to the ground. Fortunately, with all the data currently available, the risk of an AI bubble burst has been significantly delayed.
Currently, US stocks are facing macro headwinds, and next week will likely see them enter a volatile adjustment range.
The real world we inhabit is a complex chaos, with bullish and bearish factors intertwined; when bearish outweighs bullish, it triggers a rally, and vice versa.
Remember, even in a massive downturn, there are resilient main lines, and even in a broad rally, there are collapsing industry chain trades. It's about weighing risks and drawing conclusions; whether to long or short isn’t even the priority, what matters is the direction and volatility, plain and simple.
Kevin Walsh has taken office, keeping an eye on the scripts for US stocks, gold, and crypto.
So, Kevin Walsh has officially sworn in, and Old Xu's previous assertion is starting to hold true, which is that if Walsh sticks to a monetarist policy framework, he will become the strictest father of crypto gold in US stocks. Let's follow up on the recent impact of Walsh's ascension on the scripts for US stocks and crypto gold (note: recent).
First, during the inauguration ceremony, Kevin Walsh reiterated the Fed's dual mandate to promote price stability and maximize employment. However, the real key signal is that he didn't mention Powell or Bernanke, but instead paid tribute to Greenspan. He also emphasized leading a reform-oriented Fed away from rigid frameworks and models, which likely means his monetary policy framework will prioritize controlling inflation and managing risks flexibly.
Given the current backdrop of high inflation in the US, there’s a strong likelihood of prolonged high-interest rate environments. Some Fed members have even hinted at tapering, which means the market's hopes for easing have been doused with cold water. At the same time, the pragmatic new policy framework brings a lot of uncertainty.
Now, let's talk about the recent impacts on various markets. Currently, crypto has dropped from around 80k, now down by more than a few points. Gold is also under pressure, firmly pinned around 4500, and next week will likely kick off the 4400 defense battle.
Without any signals of easing expectations, both crypto and gold are going to have a tough time. If US stocks didn't have the anomaly of AI, they would surely take a hit, possibly slapping down to the ground. Fortunately, with all the data currently available, the risk of an AI bubble burst has been significantly delayed.
Currently, US stocks are facing macro headwinds, and next week will likely see them enter a volatile adjustment range.
The real world we inhabit is a complex chaos, with bullish and bearish factors intertwined; when bearish outweighs bullish, it triggers a rally, and vice versa.
Remember, even in a massive downturn, there are resilient main lines, and even in a broad rally, there are collapsing industry chain trades. It's about weighing risks and drawing conclusions; whether to long or short isn’t even the priority, what matters is the direction and volatility, plain and simple.