$ETH
🚨📢 A lot to digest today, here are our thoughts ↩️🤔
The Fed has cut interest rates again, but signaled that the path forward is far from certain 🔝
It is clear that the Fed is deeply divided, but as long as the labor market continues to weaken, the Fed MUST cut rates 🗣
On top of this, the Fed is ending QT on December 1st and Fed Chair Powell explicitly said policy is still "restrictive 👌
This was followed by earnings from Meta, Microsoft, and Alphabet with mixed price reactions ✨️
But, these companies are EACH set to invest over $100 BILLION in CapEx over the next year ✴️
At its core, we have record levels of CapEx coupled with rate cuts into stagflation and another US-China trade deal on the way 🛡⚡️
There is a lot of noise, but the AI Revolution is in full swing 🛡
Ignore the noise ↩️⬇️
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