I feel like there is less likelihood of a black swan event. Seemed like a lot of changes not jus the Iran war or the oil prices but also interest rates are already priced in.
Fed Chair Warsh Speaks Tonight — Will He Give Markets a Direction?
Jackson Hole runs August 27–29, themed "Financial Innovation: Implications for Payments and Policy," with Warsh speaking 10 p.m. Beijing on the 28th. Thursday may have front-run it: QQQ +1.37%, spot gold +1.12% to $4,649, Bitcoin +2.96% to $81,370. Equities, gold and crypto rising together is a bet on liquidity and the dollar, not on any one asset's fundamentals. With payments and digital assets on the official agenda, his remarks may land harder on stablecoins than on the indices. Does he shift the rate path — and are you watching equities, gold, or BTC?
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