My view on market here is uncertain. I am long from end of Powell speech yesterday when he got dovish and said his focus is now on employment and not on price stability (dual mandate) …. Market took it initially as a bit bearish as rates went up and then flipped as he got dovish. I longed fartcoin and doge in weekly Wizdom. Other strategists had XRP and pengu longs. My goal is to keep these short term. Alt coins have seen a bid but usually this bid in last 4 year has signaled a local top. I am not fully convinced market is taking bad news as good news yet. The fact that Powell seemed fearful about employment tells me things could be worse than we see on our end. Their revision metrics were bang on and they predicted every recession to the T. Although I am long here I am being very tactical. I am looking to stable on all these pumps and get to 70% stables and sort of sit there for a while and wait for a true recession correction. If unemployment starts printing even worse and Fed...
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