I'm MEGA BULLISH going into FOMC later!
Why?
1. It's the first Warsh FOMC, he needs to make a statement. He won't come in hawkish.
2. The market is going in pricing a rate hike as the FED's next move, any sign that its not is bullish, let alone if they indicate for a cut (I think they will).
3. The war is over and the oil price is under $80 again. Warsh has said he is looking at "underlying" inflation and not inflation itself.
I'll be live with @scottmelker later - will drop a link below.
BREAKING: President Trump says the deal with Iran is โnow complete.โ
โI hereby fully authorize the toll free opening of the Strait of Hormuzโฆ let the oil flow,โ Trump says.
BREAKING: Pakistan's Prime Minister announces that the US and Iran have officially reached a peace deal and the official signing will take place on June 19th in Switzerland.
"Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon," he says.
๐บ๐ธ America is now the #1 oil exporter in the world above Saudi and Russia.
The same experts who said this was impossible are suddenly very quiet.
Writers: Claudio, Oliver
We are now just ~24 hours away from the largest IPO in history.
Tomorrow, SpaceX is expected to close the day with a market cap ABOVE $2 trillion.
This would make SpaceX at least the 7th largest public company in the world.
All eyes are on SpaceX.
The AI buildout is absorbing capital at historic scale, creating temporary pressure across global markets. That does not weaken Bitcoin. It strengthens the case for scarce, liquid, digital capital. Bitcoin remains the premier asset for the long term. $BTC
๐จ Stocks. Gold. Silver. Bitcoin. Small caps. All down hard in the same session. $2.5 trillion wiped across asset classes simultaneously.
A blowout jobs number, 172,000 vs 85,000 expected, repriced the entire rate cut narrative in one afternoon. When the Fed has no reason to cut, yields rise, and everything valued on cheap money gets hit at once.
That's 6 charts moving in the same direction for the same reason.
The all-time highs were 48 hours ago.
@cryptorover