Wizard of SoHo breaks down the latest FOMC decision and what it means for markets:
"We had FOMC today. What we got, the outcome was that there was no rate cuts, there was no rate hikes. They decided to hold."
"There were 3 dissenters, which means there were 3 people on the committee who said 'no, we need to hike...'"
Fr: @wizardofsoho X @WeeklyWizdom
Wizard of SoHo says sticky inflation and rising rates are about to crush small businesses:
"Inflation's clearly being an issue, stickiness, not seeing it come back down..."
"It's going to be a lot of issues with small businesses getting debt easier, financing debt easier."
Ft: @wizardofsoho X @WeeklyWizdom
Wizard of SoHo explains why blaming influencers for meme coin dumps isn't fair:
"People give him a hard time for things that are really not in his control... You have coins like WIF and other ones he promoted that are basically down 99% now, but I think that's not fair."
"A lot of times people don't realize meme coins are a zero coin. It's just it might go up like 50,000x first."
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Ft: @wizardofsoho X @WeeklyWizdom