#FedRateWatch
August core CPI up 0.3% MoM has pushed the odds of a 25 bps Fed rate hike this week to 90%.
My Take: While this hike will likely happen, I view it as a one-and-done move. The market has already absorbed the worst-case scenario. Underlying growth metrics cannot endure a renewed tightening cycle.
Market Impact: Expect an initial shakeout across tech, gold, and BTC, followed by an aggressive relief bounce once rate uncertainty clears.
Trading Plan: I am scaling into spot BTC at local support levels and keeping cash ready for capitulation wicks. My active trade positions are shared in the widget below.
Are you buying this dip or sitting in cash? Follow for macro trade breakdowns!
August core CPI up 0.3% MoM has pushed the odds of a 25 bps Fed rate hike this week to 90%.
My Take: While this hike will likely happen, I view it as a one-and-done move. The market has already absorbed the worst-case scenario. Underlying growth metrics cannot endure a renewed tightening cycle.
Market Impact: Expect an initial shakeout across tech, gold, and BTC, followed by an aggressive relief bounce once rate uncertainty clears.
Trading Plan: I am scaling into spot BTC at local support levels and keeping cash ready for capitulation wicks. My active trade positions are shared in the widget below.
Are you buying this dip or sitting in cash? Follow for macro trade breakdowns!
