Why the biggest week of the year is ahead
US Election & Fed
The S&P has lost a bit this week but is still up +20% YTD. Next week will be decisive then: We have the US election on Tuesday, a Fed Meeting on Thursday and we are still in the middle of earnings season with companies like Berkshire Hathaway, Qualcomm, Airbnb or Palantir reporting their numbers. Wow, let that sink in guys!
Since the US Jobs report today wasn’t good at all, the Fed is expected to lower interest rates once more, so that’s off the table. Probably. But the question wether Trump or Harris will make it into the White House is still not sure, race is close. In addition the earnings we saw so far were mixed. Quite an uncertainty Cocktail and Wall Street doesn’t like uncertainty. That’s why we are seeing investors taking some money off the table.
Hopefully end of next week will bring some more clarity.
Will we see S&P at 6000 or at 5000 points next? That is the big question whose answer begins next week.
I just hope all the expected events favours the crypto market especially BTC, even though chart analysis is looking seriously bearish. If good things happen then we can take some profits and wait for next year when the bull run will be at its peak. Thanks for writing.
🫣🤞🏻
Congratulations @borsengelaber! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts:
Absolutely, this month and next month is going to be pretty special for the market. Last time we saw Bitcoin's dominance start at a low, then a year down and altcoins pumped up a lot and we know that. That Stoke marker is running at an all-time high and will go higher from here.
Sending you an Ecency curation vote!
Thanks a lot Melinda. Appreciate it. 🤝🏻
I can't wait for the election to be over!
!INDEED
(2/50)
@borsengelaber! @melinda010100 Totally agrees with your content! so I just sent 1 IDD to your account on behalf of @melinda010100.
This month may be a very good one in the crypto market and maybe it will continue like that till February😁
Hopefully! 🙏🏻