the morning wall report


J. Powell and the expected 75 basis point rate hike due out in a couple of hours
surprisingly....markets are up right now with bitcoin trading just over $19.25kish
Personally I would like to rip the bandaid off and see a 100bp hike now and another in Q4 and then see possibly a 25bp hike in 2023. Then hopefully see the CPI start to come down. Leading towards tapering in 2024....or at least a stabilised interest rate

Russia again rattling the global political stage with the announcement of a partial mobilisation of its reservist
with Putin again alluding to WMD's and the quote of 'It's not a bluff'
I feel desperation creeping into Moscows narrative....I just hope sanity prevails and that c*nt is deposed before he can do irreparable damage
news from the UAE as royals give the nod towards bitcoin and facilitating transactions...probably a notable thing for adoption in the region
next on the table after today is the MtGox thing as guidance is awaited...and likely legacy earnings coming into October

dyor


4h


D

stronghands