The Fed got the command from Biden so 0.75% hikes and maybe 1% in July if they don’t see the CPI and the sharemarket break.
We aren’t far off a deflationary event. I’m back in Consumer land now after being headhunted and it’s a mess right now.
Hopefully these head-hunters come across some of your predictions over the past 20months in this thread and can get you on their books at an extreme discount 🤣.
Seriously, thought this cycle might be different myself. Unfortunately the market is no where near mature enough yet still holding up surprisingly well considering multiple black Swan events. How long it can sustain the onslaught if/when last capitulation wick down is any ones guess.
I was overly confident we wouldnt venture near previous cycles ATH. A few more lower CPI prints with ceasing of QT and market "should" improve. Times like these I just turn away from pricing, last 2 bear markets were brutal on me emotionally. This one hasn't had the same effect.....yet.
This whole 3AC seems to be centred around defi, degen shitcoins? This could be good for btc.
Celsius I've heard they are illiquid rather than insolvent, who knows at this point? They have alot of wbtc and steth in the vault and rumours are wall St trying to liquidate them. If that happens it's discount time for everyone ballsy enough to enter the market.