• Bitcoin – minus 7% a week.
• S&P 500 – crashing, a solid 2% drop.
• Dow – on a 10-day losing streak, something we haven’t seen in 50 years.

But hey, all this is happening near all-time highs.

There was a meme going around – Jerome just fcked* 8 billion people at once: the Fed cut rates by 0.25% – the third cut in a row.

Cut too fast – inflation jumps. Cut too slow – unemployment spikes. Which chair are you picking?

Oh, and there’s another debt ceiling breach coming… but we’re not worried about that already.

https://preview.redd.it/czm3vvzhzk8e1.jpg?width=617&format=pjpg&auto=webp&s=8865ce3ef12999c4db9c95dcab97164a8cbf27d9