I Really Mean It
Veteran
one of the reasons behind this dip is the polls don’t look good for trump - his campaign is in trouble.And Just like that Donald Trump gets re-elected
the markets - especially crypto’s - were riding on trump obliterating biden.
it doesn’t help that kamala is about to announce her vp, which is expected to only solidify her momentum and bolster her position in the polls.
another reason, almost assuredly the main one, is the fed not cutting rates last week. big money was anticipating a rate cut, and it didn’t happen.
i don’t think it’s improbable that the fed will issue an emergency rate cut in the coming days.
some people will say the fed is bowing to the market, but it may not have a choice if this bleeding continues.
lastly, one other reason is that it’s the usual manipulation to scare paperhanded investors out of their bags before the bull run.
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