The market had every excuse to panic today. It didn’t.
The U.S. Senate failed to advance the CLARITY Act.
Hours later, the Federal Reserve raised rates by 25 bps to 3.75%-4.00% and signaled that more tightening could still be ahead.
On paper, that sounds like a rough combination for risk assets.
The market did react:
• Dow: -1.21%
• S&P 500: -0.45%
• Nasdaq: -0.01%
• U.S. 10Y Treasury: around 5%
But what caught my attention wasn't the selloff.
It was the resilience underneath it.
NVDA finished the session higher.
Technology remained relatively strong.
And $SPCX gained roughly 5.1% despite the broader macro pressure.
So was the bad news already priced in?
Partly, I think so.
The Fed hike itself was widely expected. The bigger surprise was the hawkish message around what could come next.
But there's another factor I’m watching:
the U.S. economy is still showing strength.
August retail sales rose 1.2%, while core sales climbed 1.4%.
My takeaway:
Today wasn’t bullish.
Crypto clearly felt the CLARITY setback, and higher yields still matter.
But considering the amount of negative information markets had to absorb, the lack of broad capitulation is worth paying attention to.
Resilience is not the same as immunity.
Now I want to see whether this strength continues over the next few sessions — or whether today simply delayed the reaction.
What do you think: was the bad news already priced in, or is the market becoming too comfortable?
Follow me for more market observations across crypto, stocks and macro.
$BTC $SPCX
#CryptoMacro #TradFi #MarketUpdate
The U.S. Senate failed to advance the CLARITY Act.
Hours later, the Federal Reserve raised rates by 25 bps to 3.75%-4.00% and signaled that more tightening could still be ahead.
On paper, that sounds like a rough combination for risk assets.
The market did react:
• Dow: -1.21%
• S&P 500: -0.45%
• Nasdaq: -0.01%
• U.S. 10Y Treasury: around 5%
But what caught my attention wasn't the selloff.
It was the resilience underneath it.
NVDA finished the session higher.
Technology remained relatively strong.
And $SPCX gained roughly 5.1% despite the broader macro pressure.
So was the bad news already priced in?
Partly, I think so.
The Fed hike itself was widely expected. The bigger surprise was the hawkish message around what could come next.
But there's another factor I’m watching:
the U.S. economy is still showing strength.
August retail sales rose 1.2%, while core sales climbed 1.4%.
My takeaway:
Today wasn’t bullish.
Crypto clearly felt the CLARITY setback, and higher yields still matter.
But considering the amount of negative information markets had to absorb, the lack of broad capitulation is worth paying attention to.
Resilience is not the same as immunity.
Now I want to see whether this strength continues over the next few sessions — or whether today simply delayed the reaction.
What do you think: was the bad news already priced in, or is the market becoming too comfortable?
Follow me for more market observations across crypto, stocks and macro.
$BTC $SPCX
#CryptoMacro #TradFi #MarketUpdate
