$BTC $GT Trump's announcement sparks a sharp downturn in the US markets
On Friday, the market moved violently
Almost a complete decline across all assets
Daily performance
Gold: -11% Silver: -30% Bitcoin: -11%
S&P 500: -0.5%
What actually happened?
We all knew that the market was at peaks never seen before in most assets
And it only needed a spark… and it came.
The spark
Announcement of
#ترامب Kevin Warsh's nomination for Federal Reserve Chair
The market interpreted the nomination as follows:
Less support for rate cuts
Higher sensitivity to inflation
Potential monetary tightening
The immedia