What we are seeing are not perfect rhymes, they are distorted rhymes, both in Russell and in S&P 500.
Liquidity remains abundant, but it no longer has anywhere to run. The traditional system seems saturated.
Gold? Extremely stretched. At an almost bizarre level. And, precisely for that reason, a relevant correction cannot be ruled out. If it comes, the natural movement tends to be the migration of this capital, and the most obvious destination is the crypto market.
Today's Fed meeting, combined with Jerome Powell's speech, generated no volatility at all. This says a lot. For the crypto universe, Powell is no longer the center of the game. The market is looking in another direction, towards a new cycle, towards a new president.
And historically, let's be frank: this type of institutional change is not usually the trigger that moves crypto.
What drives it is liquidity, narrative, and capital displacement.
And everything indicates that this displacement is just waiting for the right moment. And that moment is approaching!
#FedMeeting #byejerome #paxg #PullbackMarket
