Whenever the macro outlook shifts, look at the broader market first: $BTC is currently at 82936, down 0.23% on the day.
Expectations of Fed rate hikes have hit the mortgage-backed securities market. After the data comes out, it takes time for investors to reprice assets, and the initial move may not signal the direction of what comes next.
The outlook is bearish, but it will be clearer in a few days whether the market is being too pessimistic.
Expectations of Fed rate hikes have hit the mortgage-backed securities market. After the data comes out, it takes time for investors to reprice assets, and the initial move may not signal the direction of what comes next.
The outlook is bearish, but it will be clearer in a few days whether the market is being too pessimistic.