Here it comes, Powell's speech tonight to save the market! The US stock market plummeted nearly 6% yesterday, just a hair away from a circuit breaker. The Federal Reserve can no longer sit idly by; it's time to speak. So at 11:25 tonight, Fed Chairman Powell will give a public speech, and it's almost certain—90% chance—that it will release positive news, which will lead to a rebound in both the cryptocurrency and stock markets.
For the bold, consider taking a position with some low-multiples contracts; for the timid, hold onto spot and watch his performance tonight. Those who are unaware of this news might have already cut their losses at the lowest point—this is the information gap. I share insights daily; why not keep an eye on my updates?
In addition, at 8:30 tonight, crucial non-farm payroll numbers and unemployment rates will be released. Given the current rise in inflation, if the unemployment rate can modestly increase or if employment numbers decline slightly, it would be good news, helping to suppress inflation and allowing the Fed to lower interest rates.
Current market expectations are for a slight decline in employment numbers, which looks promising. Let's hope tonight's employment data is also positive; combined with Powell's market-saving actions, both the cryptocurrency and stock markets may welcome a few days of rebound. Fingers crossed everything goes smoothly~ 🥺
Update: China suddenly implemented countermeasures, causing a sharp decline. For specifics, check out my latest post. Everyone must follow me closely to stay updated on the latest first-hand news.
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