Adding BNB to Core Strategy (Core Strategy Rebalance)
Sep 19, 2024
• 8
Min Read
Author
Our Verdict: Powell Nailed It
Yesterday, Powell did exactly what risk assets wanted him to do—their actions were dovish, with a 50-bps cut and guidance for two more by year-end, but their economic commentary remained reassuring. Many bears point to this as hawkish, and since it's hawkish, it's implicitly bad for risk assets (including crypto).
In our view, if Powell had taken a significantly more dovish stance than he did, markets might have priced in a higher probability of a hard landing. This would likely have pushed bonds to rally further, while risk assets would have faced a toug...Articles Read 1/2
Enjoyed the read? Subscribe now for unlimited access!
Get invaluable analysis of the market and stocks. Cancel at any time.
Already have an account? Sign In 6f3388-875091-40dba3-5d47ab-c2ce97
6f3388-875091-40dba3-5d47ab-c2ce97
Already have an account? Sign In 6f3388-875091-40dba3-5d47ab-c2ce97
