The entire market plummets after a few words from Powell…
Hypocrisy of the markets
Anyone with a few neurons more than the average cow, knew that inflation is far from tackled. But apparently the entire stock and crypto markets weren’t aware. Jerome Powell spoke a few words yesterday that put emphasis on that and… boom there goes the dive. Nasdaq almost 4 % in the red, Bitcoin back to 20000 $, and all altcoins lose big.
This all because of a few words!
Reall incredible I find this. As my brain figured out months ago that this inflation is not going to leave because of a few 75 basis points rate hikes…
So Powell made this clear to the world today, something we all already knew still has such an impact on the markets.
In my opinion this is an amazing buying opportunity, as this action was pure sentimental and not based ont facts.
Sincerely,
Pele23
I truly feel for you on this one.