Crypto earning, products, services & tools > Crypto Products & Services

#Market Strategist Warns of 'Blood' on February 1 Ahead of Fed Meeting

(1/1)

chrisbennet:



Free Crypto Signals - https://telegram.me/btctradingclub



                     https://cryptosignals.quora.com/


 ##telegram.me/btctradingclub provides excellen free Crypto trading signals to all Crypto Traders. It has an unique system to capture the Trend which results in huge gains for Crypto Traders. We provide Crypto Signals services on telegram, reddit, whatsapp group for major exchanges such as Binance, Kucoin, Binance Futures, Bybit, Coinswitch, CoinDCX, Kraken, WazirX, Bitmex, HitBTC, Bittrex, Bitfinex, BitSeven, Poloniex etc - then our signals are perfect. We do inform about closure of trades - They have been asked to EXIT the trade.The Key to success is here - We provide the entry as well as the EXIT Price.All our coins which we have asked to buy or hold has provided great profit. Enter our Telegram Community and be among the best. Apart from Crypto Signals, we do provide completely free CryptoCurrency Investment Training from Certified Bitcoin Professional



Stocks, precious metals, and cryptocurrencies rallied during the first month of the year, and market strategists are saying that markets could retract in the near future if the U.S. Federal Reserve keeps hiking rates and maintaining a broader tightening policy. In three days, on Feb. 1, 2023, the Federal Open Market Committee (FOMC) is set to convene. While the market expects rate cuts, some analysts think the Fed will continue raising the federal funds rate. Chris Vermeulen, the founder and chief investment officer of The Technical Traders, insists the S&P 500 is due to slide 37% lower than its current position.



Strategist Predicts Potential Market Correction as Powell’s Re-tightening of Financial Conditions is Anticipated


Markets are closely watching the next Federal Open Market Committee (FOMC) meeting, scheduled to occur on Wednesday, Feb. 1, three days from now. Last week, Bitcoin.com News reported on how investors are closely following the decision of Jerome Powell, the 16th chairman of the Federal Reserve. As the FOMC meeting approaches, discussions about the outcome have been widespread on social media.


A market strategist known as “The Carter” explained on Jan. 27 that “there will be blood on February 1,” referring to the turmoil that markets may face after Powell addresses the nation. While some investors are expecting a dovish Fed and possible rate cuts, Carter argues that Powell will instead continue to tighten and implement restrictive policy.

The analyst notes that Powell has previously referred to a “broader tightening project” in three stages: rapid hikes to reach a neutral rate, measured hikes to reach a “sufficiently restrictive” rate and staying at the terminal rate for some time. ‘U.S. Federal Reserve Chair Jerome Powell will re-tighten financial conditions by forcefully addressing rate cuts head-on,’ Carter stressed in a Twitter thread.




The strategist expects that the Fed chair will address this topic forcefully on Feb. 1 and shift the conversation towards how long the Fed needs to hold at the terminal rate and why. “Look for him to expand on the lessons of the 1970s,” Carter wrote. “Why the market continues to punch Powell in the face and not expect a counter-punch is beyond me. This is the craziest market set-up right here, right now. There will be blood on February 1.”




Expert Predicts 37% Drop in S&P 500, While Gold and Silver Set to Shine in Bearish Market
Speaking with David Lin, anchor and producer at Kitco News, Chris Vermeulen, founder and chief investment officer of The Technical Traders, said that stocks are due for a correction.

“I honestly think that the S&P 500 could fall another potential 37 percent, roughly, from current levels,” Vermeulen told Lin. “That is enough to create a lot of damage, a lot of stress, lots of bankruptcies, you name it,” he added. In contrast, Vermeulen expects gold and silver to shine throughout the bearish market. “This is when precious metals and miners take off,” Vermeulen insisted while discussing market cycles.

Navigation

[0] Message Index