Day: December 18, 2024

SUMMARY OF FED DECISION (12/18/24):

Fed cuts rates by 25 bps for a total of 100 bps in 2024. Cleveland Fed President Beth Hammack dissented. Fed median forecasts shows 2 cuts in 2025 for 50 bps. Fed revises end of 2025 inflation projection from 2.1% up to 2.5%. Fed sees unemployment at 4.3% at end of 2025. One Fed official sees no rate cuts in 2025. The battle against inflation continues in 2025. submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post

In this market, listening to alternative views is crucial. Former BitMEX CEO Arthur Hayes notes: “Crypto investors have high hopes for Trump’s swift changes, but the reality is he lacks politically viable solutions for rapid results.”

The crypto market may face a massive sell-off around Donald Trump’s inauguration, says former BitMEX CEO Arthur Hayes. His prediction stems from the belief that the U.S. president-elect won’t be able to quickly deliver on his promises, leading disillusioned crypto investors to sell off their assets. “There’s a significant gap between crypto investors’ high expectations of how fast Trump can enact change and the reality that he lacks politically viable solutions to achieve such swift results,” Hayes stated. However, Hayes revealed he plans to buy Bitcoin during price dips, maintaining a positive outlook on its future. He predicts that after the “alarming downturn” near Trump’s inauguration, a “phase of acceleration and a bull market boom in crypto” will follow. Hayes also expressed skepticism about the creation of a Bitcoin reserve in the U.S., suggesting that politicians would rather use newly printed dollars for “gifts to the public” to secure their reelection. submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post

TKL: The US stock market is now worth a record $64 trillion, making it larger than all other global equity markets combined.

The market capitalization of the US equity market has doubled over the last 4 years. Over the same time period, the value of all other stock markets has increased by ~$10 trillion or a mere 19%. Furthermore, over the last 10 years, US markets have added $40 trillion in value, doubling the return seen in all other markets combined. As a result, the US now reflects a record 74% of the MSCI World Index, even surpassing the 1970s high. The US market is MASSIVE. submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post

📊🤓⚡️Well, Exxon (#XOM) looks extremely oversold. The price fell to the trend line, crossed the lower Bollinger line, and Stochastic indicates it was oversold.🧐

⚡️Well, Exxon (#XOM) looks extremely oversold. The price fell to the trend line, crossed the lower Bollinger line, and Stochastic indicates it was oversold. 📈 However, Exxon is doing quite well. Exxon Mobil projects an additional $2 billion in earnings from its Low Carbon Solutions business by 2030, driven by advances in hydrogen, carbon capture, and lithium technologies. submitted by /u/Yuriy_UK [link] [comments]

Published
Categorized as Reddit Post

A trader turned $10,000 into $5 within seconds by purchasing PENGU tokens. That’s all you need to know about sniping and DEX.

On December 17, during the initial trading launch of the PENGU token, an anonymous trader tried to jump ahead. Armed with the token’s contract address, they placed a buy order via the Jupiter aggregator before the official launch, aiming to snag the token at the lowest possible price. This strategy, known as sniping, typically relies on specialized bots capable of executing trades within milliseconds. However, the trader either used a poorly configured bot or acted manually. As a result, their trade ended up in an incorrect liquidity pool on the Raydium DEX platform, created before the official trading began. On decentralized exchanges (DEX), token prices are determined by liquidity pools, which hold tokens and calculate prices automatically: the fewer tokens left in the pool, the higher the price. When liquidity is low, even small trades can cause sharp price increases. In this case, the pool had almost no liquidity, causing the price of PENGU tokens in it to skyrocket. This inflated the token’s market cap to $14 trillion. Consequently, the trader paid over $10,000 in SOL tokens for 78 PENGU, which were worth just $5 by the end of the transaction. submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post