This is true today more than ever.
Never forget: 🚨🚨🚨 Source: Wall Street Silver
📊 Fed Watch: Insights from Key Fed Members!
This week, several prominent Federal Reserve members shared their perspectives on monetary policy. These insights reflect a general sentiment among Fed speakers that challenges the current market expectations of numerous rate cuts in 2024. They emphasize the importance of data and a measured approach in shaping monetary policy decisions. Here's a snapshot of their views, along with a special focus on the dovish/hawkish scale by Fed members: 🔹 Austan Goolsbee (President, Chicago Fed) highlighted the need for a data-driven approach, suggesting that a continued decline in inflation would merit discussion of cutting interest rates. However, he stressed the importance of evaluating the data meeting by meeting. 🔹 Raphael Bostic (President, Atlanta Fed) urged caution on interest-rate cuts, emphasizing the need to navigate unpredictable events. He believes it would be unwise to rush into rate cuts and wants more evidence of inflation reaching the 2% target. 🔹 Patrick Harker (President, Philadelphia Fed) highlighted the importance of "soft data" from district sources, providing valuable insights for policymakers in setting monetary policy. 🔹 Christopher Waller (Fed Governor) advocated a cautious and systematic approach to rate cuts, emphasizing that the FOMC should move carefully based on data. Check out the dovish/hawkish scale by Fed members for a deeper understanding of their stances. Source: Bloomberg #FederalReserve #MonetaryPolicy #EconomicOutlook
Bitcoin (XBTUSD) Keep an eye at support
Bitcoin (XBTUSD) remains in a bull trend since mars 2023 but be carreful at this pullback as it's testing latest swing support 40'968.50 . This level needs to hold for the trend to remain valid. Source : Bloomberg
Hang Send Index reaching a multisupport zone
Hang Seng Index (HSI) is retesting October 2022 low. It's also on 1989 uptrend support !!! Keep an eye at this zone 14'600-15'200 over the next few days. Source : Bloomberg
CBOE Volatility Index $VIX jumps to highest level in more than 2 months
Source: Barchart
🟥 The delinquency rate for credit card loans in 2023 has risen sharply
Which, based on historical patterns, suggests that the economy might be heading towards a recession.
You've probably heard Chinese stocks are cheap. This chart takes that to a whole new level.
The Hang Seng Index's P/E is now below the Nasdaq's P/B. Those two valuation ratios should not even be anywhere close one another. Source: David Ingles, Bloomberg
UST IN: 🇺🇸 Top 3 spot Bitcoin ETF asset flows:
1. Fidelity: $524m 2. BlackRock: $497m 3. BitWise: $305m Source: Bitcoin Archive
