Home sales just hit a 31-year low ๐๏ธ
This is the type of macro data that matters for risk assets. When housing freezes, liquidity dries up across the board.
Expect:
- Fed pivot talks to heat up
- More capital rotating into crypto as traditional stores of value look shaky
- $BTC and digital assets becoming the actual hedge
Real estate locked up = more eyes on liquid alternatives. We've seen this movie before in '08-'09.
Watch how this plays into Q1 2024 narratives. If housing stays dead, expect aggressive rate cuts and that's rocket fuel for risk-on.
This is the type of macro data that matters for risk assets. When housing freezes, liquidity dries up across the board.
Expect:
- Fed pivot talks to heat up
- More capital rotating into crypto as traditional stores of value look shaky
- $BTC and digital assets becoming the actual hedge
Real estate locked up = more eyes on liquid alternatives. We've seen this movie before in '08-'09.
Watch how this plays into Q1 2024 narratives. If housing stays dead, expect aggressive rate cuts and that's rocket fuel for risk-on.