Jumbo Fed Rate Hike Is in Play as Powell Sticks to Hawkish View

[Tokenz]

Well, that is a crypto thing I do not understand, and you posted your thingy in the trading forum, not the crypto assets forum. You want to talk about the upcoming ETH merge, or fork or what have you, do it in the Crypto Asset forum. But do NOT tell me that all of your assets being in Crypto is "diversified".

Because it is NOT!

 

[Overnight]

Oh don't give me the Picard facepalm! If most of your money is in crypto, you are not diversified!

 

[Scataphagos]

historically, bank stocks performed well in the high inflation and rising interest rate environment (versus SPX).

Early in the "interest rate rise" phase, banks do well because they can charge higher rates for their loans and capture a bigger spread. At some point, rates get too high and things come apart.

 

[nitrene]

Amazing how the market goes, "F that... BTFD anyway".

One possibility is that the market goes, "ignore this, ignore that", then at some point, HOLY CRAP (wouldn't be the firs time)!

IMV, this is a high risk time to go big on either the bullish or bearish scenario.

I was watching the halftime Fast Money traders yesterday and they made fun of the fact that the market said they don't believe Powell. That he is simply bluffing and won't keep raising rates.

This market is very confusing. Sometimes Powell looks like Volker and other times he looks like the guy who gave in to Trump on Christmas day 2018 and blinked.

 

[Scataphagos]

I was watching the halftime Fast Money traders yesterday and they made fun of the fact that the market said they don't believe Powell. That he is simply bluffing and won't keep raising rates.

This market is very confusing. Sometimes Powell looks like Volker and other times he looks like the guy who gave in to Trump on Christmas day 2018 and blinked.

Yeah. JPow says, "I'm going to stay the course"... market says, "We don't believe you". Amazing.

You/we can still trade this market but need to do so technically.... chart-based. Futile to have a notion of what will/should happen.

 

[Tokenz]

Oh don't give me the Picard facepalm! If most of your money is in crypto, you are not diversified!

It's diversified since it's in different cryptos though. You can't deny that crypto is the future of money. I also have assets in USD, just because it's not spread out according to your standards doesn't mean it isn't diversified!