JEROME POWELL’S WARNING! #Finance

how’s it going everyone it’s Sam drone pow just gave a couple warnings I want to talk to you about and he spoke about an hour ago so far the Market’s been down since he spoke uh with Bitcoin falling a decent amount and with the NASDAQ going all the way to negative .6%

while he was speaking I want to show you that along with some other information I’m going to keep it nice and short here for you cuz I got to go but if you want to trade this market now is the time to be putting in Long positions in my opinion before we continue to see more economic data come

out which at this point it looks pretty decent uh before we get more rate Cuts you can check out the link underneath the CashNews.co to Marx where you can put long positions on you can put short positions on you can sign up with that link you don’t need a kyc meaning you don’t have to

give out your personal information either so definitely check that out underneath the CashNews.co even with this dip we are up a good amount on a lot of our positions here so let’s start here actually before we get into drone pow we can see a bit of a ejection on total two you know this

isn’t the best trend line as I’ve said a couple times but you can see generally uh this has been the trend line where we pretty much get rejected within a day or two and yeah looks like we’re getting rejected now Bitcoin also is falling down about to that 100 uh that 200 day

moving average slightly below it now of course some of this will uh some of the reaction after joural PA speaks is just shortterm sometimes we see a bounce like the very next day even like when they cut by 50 basis points there wasn’t a big move but then the next day the NASDAQ was up about

3% so who knows what happens here in the next day but uh we can see too that the dxy is falling this is typically a good sign for Bitcoin when it falls under 100 that’s quite bullish typically you can see back in 2023 we actually rallied up a lot in 2023 for Bitcoin and we did fall down to

about 100 and when we’ve seen the dxy fall below 100 the last couple times this did signal a bull run and we peaked out pretty much at the top typically of when dxy was at the bottom right they’re inversely correlated so hopefully we continue to see the dxy fall for risk on

Assets of course we’ll have to see to what the inflows look like today I’ll probably be making another CashNews.co either today or tomorrow on this we also have Mr 100 grabbing 200 Bitcoin it’s been a while too he sold maybe Midway through the month he sold a

couple uh maybe a thousand or so Bitcoin but now swallowing up some more Bitcoin after waiting a bit now all eyes were on on Jerome Powell today obviously we have some big economic data coming out later this week but everyone seemed to be watching Jerome Powell he said one of the things they said

was that they’re expecting just about two addition additional rate Cuts this year totaling 50 basis points now this is different than what we’re seeing on the Fed rate monitor tool which shows 125 basis point drop for the year which means another 75 basis points after that first 50

basis point so he’s saying yeah at this point unless we have some data that skews us we are looking at just 50 basis points now I believe he’s referring specifically to something that they’ve already put out uh which gives their economic predictions on where they see

Interest Rates at the end of the year so he’s not necessarily giving his opinion but he’s just saying based on what we’ve already said we’re expecting 50 basis points so not the biggest deal there but I think the market doesn’t really like to hear 50

basis points we want to think of 75 and maybe even 50 basis points at the next meeting he also talked about how labor the labor market gives us a better indication and better data than GDP so a better indication of how the economy is doing so we’ve had really good GDP numbers but d uh data

from the labor market has started to get worse started to weaken so this all also doesn’t sound great like okay hey don’t pay attention to the thing that’s doing well pay attention to the thing that’s doing poorly because that gives us better data on what’s going to

happen next so again the market didn’t really like that also they asked did the 50 basis point cut give extra confidence in the soft Landing he had a big pause probably 3 4 seconds and then said it reflects confidence and 2% Inflation so not necessarily saying like hey we

think that this 50 basis point will help us achieve a soft Landing just saying yeah we don’t really know if it’s going to help it’s just that we uh we think Inflation has been quarreled quel has been tamed uh so again just something that just didn’t hit the

market the right way I think it just sounds a little bit off it doesn’t instill a bunch of confidence keep in mind though the Market’s done really well since he started lowering rates Bitcoin has been up up and away uh the NASDAQ is sing new all-time highs S&P 500 dowo all that is

hitting new alltime I so he might just be trying to talk down the market a little bit obviously if good economic data comes in he can go out and say hey yeah we’re going to lower by 50 basis points but why make the market think it’s already going to happen which could cause more

Inflation and if there’s Inflation and high unemployment then you have to go and stop lowering rates and then unemployment gets worse and then we go into recession right so he wants to tow the line right now he doesn’t really care he would I think

prefer if Assets didn’t run away right he does not want this to run away from him the Stock Market to continue to go up 10% or something like that throughout the rest of the year would not be good for Inflation and would maybe mean that they

have to continue again with rates a little bit higher causing an issue in the labor market so he doesn’t care if he sounds dobish or uh hawkish really he’s just trying to balance those two out to get the the outcome that they are trying to achieve so at the end of the day I think we

just continue to watch the data come in you know yeah we’ll pay attention to what Jerome Powell’s saying but I don’t think he said anything groundbreaking here today by any means um I think we’ll just have to continue to watch the data that comes in that will inform our

decision on whether the fed’s going to cut by 25 or 50 at the next meeting either way unless something really bad comes out we’re still going to end the year another 50 basis points down that will help uh the market that will help Stock Market

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto that will help uh the labor market as well that will take a little bit longer but I think this is all pretty bullish I think we’re still in bullish territory long term a little bit

of a dip on bitcoin is completely fine like if this dip scares you you’re in the wrong asset you have to be ready for big dips of course we are down 4% so that is a pretty big uh drop you can see some text-decoration: none;">Cryptos though uh are still breaking out like bit tenser on the last one year massive breakout here um just over the last couple months and well actually over the last couple weeks you can see it’s up 105% in the last one month so certain Assets

are still doing fine doing really well obviously uh let’s actually look at btc.to dominance here today it has been coming down which you know probably healthy for some altcoins uh makes everyone feel a little bit better I think when the dominance falls down every once in a while but of course

do your own due diligence let me know your thoughts on on this underneath the CashNews.co do you think this is scary this a warning or do you think this is just part of the game thank you so much check out the link underneath the CashNews.co to Marx where you can start trading

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrency using leverage make sure you know what you’re doing before uh you start trading though thank you so much and I’ll see you all in the next CashNews.co