Leaking JOHNARNOLD (npub1g0e…l966)'s Ten31 Timestamp alpha early. Stay tuned for full newsletter link
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The week was filled with noteworthy comments from the leading masters of the financial universe, as both Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen called out the unsustainability of the US’s current fiscal path and their concerns with the swiftly deteriorating commercial real estate backdrop that appears to be a growing source of stress for bank balance sheets. Both officials assured the public that any impact from losses in this lending segment would likely be contained, though Powell took the Ivan Drago stance in his highly-anticipated 60 Minutes interview, noting that some banks would probably end up failing on the back of this trend. Despite these foreboding comments, as well as the Fed Chairman’s suggestion that the Fed would likely move more slowly than hoped on rate cuts this year, investors still found reasons to be bullish as the S&P500 ran to yet another new all-time high and exceed the 5,000 level for the first time.
As central planners grew more concerned and the market partied like it was 1999, bitcoin took a 10% leg up on the week, closing in on new multi-year highs as ETF inflows remained strong and GBTC outflows appear to have abated for the time being. With the traditional financial system looking more precarious by the week, the halving approaching, institutional interest clearly growing, and ecosystem development moving faster than ever, we continue to think the 12-24 month outlook for bitcoin and the companies building on it is as bullish as it’s ever been.
GRANTGILLIAM
npub1sa…ju5fv
2024-02-10 15:27:23
Author Public Key
npub1saxmd5km0vusxhl84tqeaqaysftezh3h6ne22h95efntutth42yqlju5fvPublished at
2024-02-10 15:27:23Event JSON
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"content": "Leaking nostr:npub1g0eujuzgy06srs3sdanaytzq8adsd78d4g4p5xqtlue3d3q3v2mq6pl966's Ten31 Timestamp alpha early. Stay tuned for full newsletter link\n*****\n\nThe week was filled with noteworthy comments from the leading masters of the financial universe, as both Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen called out the unsustainability of the US’s current fiscal path and their concerns with the swiftly deteriorating commercial real estate backdrop that appears to be a growing source of stress for bank balance sheets. Both officials assured the public that any impact from losses in this lending segment would likely be contained, though Powell took the Ivan Drago stance in his highly-anticipated 60 Minutes interview, noting that some banks would probably end up failing on the back of this trend. Despite these foreboding comments, as well as the Fed Chairman’s suggestion that the Fed would likely move more slowly than hoped on rate cuts this year, investors still found reasons to be bullish as the S\u0026P500 ran to yet another new all-time high and exceed the 5,000 level for the first time.\n\nAs central planners grew more concerned and the market partied like it was 1999, bitcoin took a 10% leg up on the week, closing in on new multi-year highs as ETF inflows remained strong and GBTC outflows appear to have abated for the time being. With the traditional financial system looking more precarious by the week, the halving approaching, institutional interest clearly growing, and ecosystem development moving faster than ever, we continue to think the 12-24 month outlook for bitcoin and the companies building on it is as bullish as it’s ever been. ",
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}