The market is making the dollar's weakness due to
The market is making the dollar's weakness due to interest rate cuts a fait accompli, as gold prices have surpassed 2,050 dollars per ounce, and Bitcoin, the epicenter of Crypto, has exceeded 41,000. When wealth is achieved in asset investment, it is when bubbles form, and futures or options are when the market suddenly crashes or soars. In the past, the form of the market is highly concentrated, and if you don't invest in a place where it is concentrated, you feel like you are becoming a FOMO.
Battery stocks were like that earlier this year, and now it will be gold and bitcoin. You will have to play when the water comes in. In the statistics you learned as a student, there are a lot of words like this skew. It was important to know which way it was skewed, and I remember that it was always a statistics class to work hard to find out how much it was skewed to the left and how much it was skewed to the right in the Median. In the options market, it would be more important if the skewed side became a Midian, because it would be a big hit. Anyway, the current chapter is skewed to stagflation based on a rate cut. So, money is skewed to cryptocurrency in gold to avoid inflation and recession.
There is the last FOMC of the year next week. Already, market participants are not paying attention to raising interest rates. In English, it is "see if I care," or "I don't care." Then, the point to watch is whether there will be any mention of a rate cut or whether the FED members will photograph the early 4% range as the market wants in next year's dot plot in advance of the recession. If that happens, the money is focused properly, or there will be another shift in the direction of money. The market is hoping that Powell will not just make hawkish comments. However, you should remember Lagarde's words, "Don't even dream of lowering interest rates for the next two quarters." The market doesn't always want the public's attention. Too much. I want to talk about Chinese babies, but later on... These days, the market always gets stagnant, so it's better to have a hit and run in the morning......