2min chapter

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Why Crypto Needs BlackRock (EP.314)

Animal Spirits Podcast

CHAPTER

The Bond Market Is a Smart Money

Bond traders had expected the Fed to cut at some point later this year until today. The market is accepting what the Fed has been saying, which is higher for longer. For years, everyone was predicting rates were gonna rise and they never did. So it's the opposite. Just the bond market is purely momentum traders, it seems.

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