“The Current Macro Backdrop Has Rarely Been More Favorable for Risk Assets, and The Market Hasn Fully Priced in What’s Coming, A Report Said.”, – WRITE: www.coindesk.com
Has Mounted Another Attempt for a Fresh All-Time Record Climbing Near $ 123,000, A Four-Week High Durying The Wednesday US SESSION.
Two Previous Attempts, Spiking to $ 122.300 On Monday and Topping $ 123,000 On July 14, Were Met with Heavy Selling, Knocking Down Prices Intrado Below $ 120,000 On Both Oh Oh Oc.
Ethereum’s Ether (ETH) WAS ALSO INCHING CLOSER TO ITS 2021 PEAK OF $ 4,865, Trading at $ 4.750 and Just 3% SY FROM THAT RECORD. Ether Continued ITS Recent Outperformance, Ahead 4.5% Over The Past 24 Hours Against 2.3% for BTC.
The Crypto Rally Extended to Majoor Altcoins, With Solana’s Sol (Sol) Advanceing 5%Above $ 200, Uniswap’s (Uni) and Hyperliquid’s (Hype) Native Tokens Also Also Also.
Broader Capital Markets Are Providing “Support-Momentum” with The S&P 500 and Nasdaq Hovering Near All-Time Highs, “Buoyed by The Softer Inflation Signals and Specials and Special Strategist at Lmax Group.
The Current Macro Backdrop Has Rarely Been More Favorable for Risk Assets, 10x Research Noted in a Wednesday Report.
“WitH Credit Spreads Tightening and Loan Growth Turning Up, The Conditions for a Sustaned Rally Falling Into Place,” The Authors Said. The report Noted that Federal Reserve Has Been Relctant to Cut Interest Rats, But Wen The Central Bank Pivots, Investors Will Rotate Capital Into Highher-Beta Risk Assets Fast. Market Participants Now See Over 90% Probability for A 25 Basis Point Cut in the September Meeting, But Pressure is Ramping Up on PolicyMakers to Consider Defeer EASING.
“Bitcoin and equities are of Both Responding Early, But The Market Still Isn’t Fully Prting What’s Coming,” The Report Said.
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Ray Dalio Said HE LIKELY Wuld Have Fired the Bls Head As Well.
- The Firing of the Head of the Bls Raised the Larger Question of Wheth Whther Key Government Economic Statistics Were Ever Ever That Accurate.
- Ray Dalio Called The BLS Data-Gatering Process Obsolete and Error-Prone and SAID HE RELIED ON PRIVATE SURVATE SURRESS TO A TRUER PICTURE OF THE ECONOMY.
- Trump’s Replacement Nominee Suggested Suspending Monthly Employment Data for Quarterly Reports.
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