Hynix's bounce has failed. If the US stock market also fails to rebound tonight and hits new lows, Bitcoin will likely break down and test the support at 60k. Micron needs to test the 1k support.
$NVDAB $SPCXB $MUB
$NVDAB $SPCXB $MUB
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加密贝姐
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Every time the Fed changes chair, global assets get repriced. Remember this historical rule: in the past 50 years, the Fed has switched chairs 8 times, with an average drop of 16% over six months, without a single exception!
Now with Waller coming in, this could be the toughest one yet. The chances of a rate hike skyrocketed in September. Don’t believe me? Let me break it down for you.
When Volcker took office in 1979, he raised rates aggressively to combat inflation, and the stock market plummeted 27% in just six months. In 1987, just two months after Greenspan took the reins, we triggered Black Monday, with the Dow crashing 22.6% in a single day. In 2006, Bernanke stepped in, and the subprime crisis hit, leading to a 17% drop in the market over six months. In 2018, Powell took over, and the market fell 20% in six months, tech stocks getting halved.
The only exception was Yellen in 2014; she's known for being dovish, and after taking office, the US stock market only dropped 7%. But have you noticed that even the most mild-mannered Fed chair can lead to a market dip? It's not a coincidence; it's a historical inevitability.
When Volcker took office in 1979, he raised rates aggressively to combat inflation, and the stock market plummeted 27% in just six months. In 1987, just two months after Greenspan took the reins, we triggered Black Monday, with the Dow crashing 22.6% in a single day. In 2006, Bernanke stepped in, and the subprime crisis hit, leading to a 17% drop in the market over six months. In 2018, Powell took over, and the market fell 20% in six months, tech stocks getting halved.
The only exception was Yellen in 2014; she's known for being dovish, and after taking office, the US stock market only dropped 7%. But have you noticed that even the most mild-mannered Fed chair can lead to a market dip? It's not a coincidence; it's a historical inevitability.
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