The Fed indicates they will take it slow with rate cuts next year, and that was enough to trigger a sell-off in risk assets:
Bitcoin -5.6%
NASDAQ 100 -3.6%
Two thoughts about that.
First, this might seem like a big negative day, but it's actually just a blip in the big
We were commenting the other day that there is quite a bit of leverage in the system, and that could be dangerous.
The "surprise" that the FOMC decided to go slow with rate cuts in 2024 shows that the market is not ready for bad news.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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