What else stands in the way of the bullish trend:
1. In September, investors expect the issuance of a large volume of corporate bonds and borrowing in the AI sector. This means a capital outflow from risky assets.
2. A shortage of stablecoins. The total supply of stablecoins has declined due to the implementation of the Genius Act.
3. Macroeconomic risks. Yesterday, Fed protocols showed that inflation remains elevated. The forecast for keeping the rate unchanged in September remains in effect, but a rate hike in December is not ruled out.
4. Geopolitical risks — the war in the Middle East, and rising oil prices.
5. The stabilization of the Treasury bond market amid an increase in supply and continued inflationary pressure also implies a capital outflow from risky assets.
6. If the Clarity Act is not passed in September.
1. In September, investors expect the issuance of a large volume of corporate bonds and borrowing in the AI sector. This means a capital outflow from risky assets.
2. A shortage of stablecoins. The total supply of stablecoins has declined due to the implementation of the Genius Act.
3. Macroeconomic risks. Yesterday, Fed protocols showed that inflation remains elevated. The forecast for keeping the rate unchanged in September remains in effect, but a rate hike in December is not ruled out.
4. Geopolitical risks — the war in the Middle East, and rising oil prices.
5. The stabilization of the Treasury bond market amid an increase in supply and continued inflationary pressure also implies a capital outflow from risky assets.
6. If the Clarity Act is not passed in September.