We just entered the Q4 and hopes are up as it’s projected that we might possibly witness a bit of relieve from the crypto winter which we are currently experiencing. Well it’s not that certain yet if you may ask if because for the past couple of months we being going round this rollercoaster as at one point we are experiencing a bullish market the next period the market is down.
There is really no harm in being optimistic about the crypto market, but from the interview which making sightings at history as the market is always bullish at the last quarter of the year September we didn’t really see such improvement from words from the interview;
“Inflation is falling. We don’t know how fast, but we reckon with the demand destruction in place, it’s pretty fast. We’re going to get some good CPI (consumer price index) prints over the next two or three months.
Markets are definitely bottoming. [For the S&P 500], 3,500 points base for a floor, upside 4,800 points within six to 12 months is my take. And there’s tons of cash on the sidelines. $3 trillion waiting to be deployed…
If the war stopped [between Russia and Ukraine], that would be game on… In terms of the Fed, they talk a big game, they do a lot of jaw-boning, but do they have bite?
Watching the credit markets roiling like we’re seeing now after seeing the UK blink this week, after seeing Germany print. China saying very clearly they’re going to dump the rest of their trillion dollars in treasuries as quickly as possible, that’s going to put downward pressure on the DXY (US dollar index), and hopefully help some of the other emerging markets’ currencies.”
Fingers crossed as we watch the market unfolds.
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