BTC >$100K on SEC choice / Powell : can be patient / French govt toppled, what next ?

Stéphan

Dec 5, 20242 min read

Powell : Fed leans toward a December interest rate cut, also said the economy looks better now than it did when the central bank began cutting interest rates in September, which means the Fed can move more slowly in reducing borrowing costs, he also added 'the usual' : U.S debt is on an unsustainable path
Markets : equity markets loving the low vol and passive buying (ETF etc), FOMO style, EUStocks50 might even join in now, Bonds have had a friendly tone of late, and crypto got boosted again from SEC pick, of note, EURO is no lower after French vote (as discussed few days ago 'a lot has been priced in', those looking for SNB to become aggressive in cutting and possibly interventions should consider an opt play in GBPCHF / EURCHF or indeed USDCHF, take your pick
BTC up >100K USD, after Trump named Paul Atkins to lead the SEC, even Powell 'pumped' BTC in his speech!
As mostly expected, French government topples as parliament votes to oust Prime Minister Barnier, new PM might step in today, who would want the job ? >>>> the reality is that the budget issues won't go away, overall macro picture still awful
Islamist-led Syrian rebels surrounded the key city of Hama "from three sides" on Wednesday as they continued their offensive on government-held territory
Zuger Krypto-Börse: Kunden bangen um Tausende Franken
Home sales in Miami, FL have collapsed/Thread
Missouri bill would ban CBDCs, make gold and silver legal tender #GOLD
BOJ's Nakamura: I am not against rate hikes but decision should be data dependent