Episode Details
| Title | Bits + Bips: Market Chaos, Fed Missteps & Harris' ‘Crypto Reset’ - Ep. 688 |
|---|---|
| Date | 8/14/2024 |
| Podcast | Unchained ↗ |
Key Insights
Bullish:
- 🟢 $FOMC - Upcoming Fed rate cuts may be bullish depending on the quantity.
- “The way I saw it before is a 50 bps cut will be bearish and a 25 bps cut will be bullish because 50 bps is basically the Fed recognizing we fucked up... With the recent wash and everything that just happened, I think it's exactly the opposite right now. I think they need to cut 50 bps. 50 bps will be bullish. 25 is either a wash or bearish. No cut will be absolutely a disaster.” - Alex (0:00)
- “We do think that the Fed fucked up. We think that they should have cut in July, and I think the market agrees... JPMorgan came out and and basically said the Fed needs to to to, cut 50 bps. They don't speak out of turn.” - Joe (0:00)
- “I think this is what people miss is, yes, we're slightly above target, but we're at 3% arguably plus, depending on SeasonAx data, of real rate. So yield above inflation with data coming obviously on a lag. That's how monetary policy works. So trying to squeeze up blood from a stone to wait until we're at spot 2%, you're going to have so much pipeline stuff. Even if you cut aggressively from that moment forward, you're going to end up at 1% inflation. Right? And so this is why, like, it's been confusing for us as why the Fed has been so sticky.” - Chris (0:00)
- 🟢 $ETH - 🔒
- 🟢 $ELECTION - 🔒
Bearish:
- 🔻 $FOMC - 🔒
- 🔻 $WBTC - 🔒
- 🔻 $VIX - 🔒