FOMC tomorrow..75bp increase expected - what if its 100bp? - Bloodbath in the markets

Brickbat1 · Jul 26, 2022

Bitcoin of late has proven to be aleading indicator to the equities market. It has headed lower last 48 hours and with the FOMC meeting tomorrow where pundits are expecting the Feds to temper their aggressive hawkish stance with the realities of the risk of a recession: what if they maintain their stance and come out with a 100bp rate increase? My thinking is Bitcoin and cryptos in general may head to lower lows. Add the expected earnings results this week of big caps Apple,Microsoft, Google, Meta, Visa, P&G, Mastercard, Exxon and Pfizer all expected to show lower earnings, my take is the rest of the week may be in the hands of the bears. What do you think?

MisterF · Jul 26, 2022

Back down to sub $19k this next week or so.

TomTheCat · Jul 26, 2022

Brickbat1 said:
Bitcoin of late has proven to be aleading indicator to the equities market.

I won't call insider trading an indicator.

Brickbat1 · Jul 26, 2022

MisterF said:
Back down to sub $19k this next week or so.

Yeah i think so myself, but I also think the combination of all the issues may make a test of sub 18k a possibility.

TomTheCat said:
I won't call a indicator insider trading.

Huh?

TomTheCat · Jul 26, 2022

Brickbat1 said:
Huh?

If Bitcoin dropped two days ahead of the announcement, someone had access to the info and sold Bitcoin.

Everyone at the top does insider trading. People are greedy. Waiting for all markets to collapse, so I can get in.

mirrorer · Jul 26, 2022

Stronger USD,more money for me

alurosu · Jul 26, 2022

Shopping season

QualityService · Jul 26, 2022

75 or 100bp rate is already factored in. So it is quite possible that market may take upward turn once the FOMC meeting is over. Currently, market is just cautious.

Brickbat1 · Jul 26, 2022

TomTheCat said:
If Bitcoin dropped two days ahead of the announcement, someone had access to the info and sold Bitcoin.

Everyone at the top does insider trading. People are greedy. Waiting for all markets to collapse, so I can get in.

Oh I get you now.. well you never know..maybe maybe not..

mirrorer said:
Stronger USD,more money for me

Ha ha.. thats another take of the whole situation

alurosu said:
Shopping season

Yeah.. only for some though..

QualityService said:
75 or 100bp rate is already factored in. So it is quite possible that market may take upward turn once the FOMC meeting is over. Currently, market is just cautious.

Hmm.. thats a possibility to be honest. However it does seem like the market is a little bit too calm..just thinking..

SOCOM · Jul 26, 2022

Buy GameStop, direct register your shares, and just sit and wait.

SocialMediaNetwork · Jul 26, 2022

SOCOM said:
Buy GameStop, direct register your shares, and just sit and wait.

way to high right now was $22 in may. wait for around $18 to scoop some!

SOCOM · Jul 26, 2022

SocialMediaNetwork said:
way to high right now was $22 in may. wait for around $18 to scoop some!

When it squeezes, I'm not squabbling over $10.

Mochidien · Jul 26, 2022

Look for GDP numbers this week. I am expecting bad numbers which will confirm that we're already in recession...

The Oracle · Jul 26, 2022

Monero remains unaffected.

OnlineA · Jul 26, 2022

I expect 50 bps...would be fun.

DecadesMember · Jul 26, 2022

The Oracle said:
Monero remains unaffected.

All of them are affected by BTC movements. I watched it go down from 153 to 140 as btc slide.

RE OP: yes the charts showed it will go down regardless of the news this quarter as mentioned in my thread

The Oracle · Jul 26, 2022

DecadesMember said:
All of them are affected by BTC movements. I watched it go down from 153 to 140 as btc slide.

RE OP: yes the charts showed it will go down regardless of the news this quarter as mentioned in my thread

Disagree, it acted as a good hedge during the 28k to 20k drop

DecadesMember · Jul 26, 2022

The Oracle said:
Disagree, it acted as a good hedge during the 28k to 20k drop

Yes it was a great coin YTD vs others.

I wish I sold more at $500, I thought it would just keep going up despite btc and luna, ect.

It should have honestly.

DecadesMember · Jul 26, 2022

Brickbat1 said:
Bitcoin of late has proven to be aleading indicator to the equities market. It has headed lower last 48 hours and with the FOMC meeting tomorrow where pundits are expecting the Feds to temper their aggressive hawkish stance with the realities of the risk of a recession: what if they maintain their stance and come out with a 100bp rate increase? My thinking is Bitcoin and cryptos in general may head to lower lows. Add the expected earnings results this week of big caps Apple,Microsoft, Google, Meta, Visa, P&G, Mastercard, Exxon and Pfizer all expected to show lower earnings, my take is the rest of the week may be in the hands of the bears. What do you think?

Im more concerned with ongoing war/economic stats that will cause a crash

The Oracle · Jul 26, 2022

DecadesMember said:
Im more concerned with ongoing war/economic stats that will cause a crash

We are closer than you think. Jim Rickards talks about the global "dollar shortage" before the final rug pull, which is basically what's going on with the DXY now. The writing on the wall is crystal clear.

FOMC tomorrow..75bp increase expected - what if its 100bp? - Bloodbath in the markets

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