A different take: Expectations of Fed rate hikes are rattling the mortgage-backed securities market.
Everyone sees this as bearish news. What I’m wondering is: Has most of the panic already been priced in? It’s not uncommon for markets to rise rather than fall after bad news becomes reality.
$BTC 24h -0.27%. Whether the news is good or bad, what matters is how the market digests it—don’t just read the headline.