#045 Caleb Franzen: The Fed Is Being Challenged By Ongoing Labor Market Dynamics
The Julia La Roche Show
00:00
The Evolution of Cryptocurrency Capitulation Dynamics
The correlations are just too tight in that kind of specific sector of the market, if you will. And so I think specifically, I would say we've had that enthusiasm capitulation for Bitcoin and crypto and then generally speaking for risk assets in the stock market as well. If capital has zero cost, basically meaning it's not scarce, it's going to flow to all different areas of the market in a free market that maybe don't necessarily warrant it being there,. So basically, an inefficient allocation of a scarce resource. The Fed starts raising interest rates, that's the tide coming over the castle, right?
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