Before even taking office, the financial market has already sold off!
What will save your wallet👛?
Besides the courage that Liang Jingru gives you...? Bitcoin is about to drop below $70,000💸, down nearly 40% from its peak!
This week, precious metals plummeted📉!
The trend of gold prices 'confirms the warning that a sharp drop often follows a surge.' Although the news of Waller's nomination became the trigger, the market had already accumulated adjustment pressure. 'It's like the market has been waiting for an excuse to end the near-parabolic rise.'
Due to soaring prices and increased volatility, traders' risk models and balance sheets have been under pressure, and the precious metals market had actually laid the groundwork for extreme fluctuations long ago. Large-scale purchases of call options, which grant the holder the right to buy an asset at a predetermined price, are also reinforcing upward price momentum, as option sellers have to continue buying related assets to hedge against the risks brought by rising prices.
Additionally, the 'gamma squeeze' phenomenon in the options market is one of the factors driving the sharp price drop, as short sellers buy more futures contracts to manage risk, which may intensify downward pressure when prices fall.
Cryptocurrency has fallen over 40% from the historical high reached on October 6 of last year.
In the past 24 hours, over $2.5 billion in various tokens have been forcibly liquidated.
12 Bitcoin ETFs listed in the United States have seen net redemptions for three consecutive months, with a net outflow of funds reaching $4.8 billion (about 6.1 billion Singapore dollars).
If this trend continues until the end of the month, it could set a record for the longest net outflow of funds since the Bitcoin ETF was listed in 2024.
Wosh is the son-in-law of the Estée Lauder family
Wosh's father-in-law is Ronald Lauder, the head of Estée Lauder Group, who has been an old friend of Trump for decades, and is also his long-term ally and important financier!
Nominating Wosh indeed feels complex: he seems to be trying to accomplish a MISSION IMPOSSIBLE—how to enhance domestic manufacturing capability through a 'weak dollar' while maintaining the hegemony of the US dollar.
Reconsider the 'dogma' of inflation. Wosh believes that rapid economic growth and rising wages are not the problems. 'The root of inflation lies in excessive government spending and excessive money printing. Wall Street has too much capital, while credit in the real economy is too tight.' Compress the Federal Reserve's 'bloated balance sheet'. Wosh advocates reducing the size of the central bank and supporting households and small businesses by lowering interest rates, rather than continuing to maintain large asset holdings. Acknowledge the benefits of artificial intelligence, and stop worrying about stagflation. Wosh believes that AI will become an important 'anti-inflationary force' that can not only improve productivity but also enhance America's international competitiveness, thus pushing up real wage levels. Loosen regulations for small and medium-sized banks, echoing Michelle Bowman's proposals.
In plain terms, it must... move from virtual to real!
After experiencing explosive growth and drastic declines, the cryptocurrency and financial markets are still waiting and digesting!
Overall, it seems that in the context of the midterm elections in 2026, interest rate cuts will come, and stocks and cryptocurrencies will see a market, but in the long term, there will still be a real correction, after all, Wall Street and policymakers do not want to borrow money to live every day; they need prosperity and to squeeze out bubbles! However, it will not lead to a crash, this is an art!
