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Why Markets Viewed the Fed's Latest 75 Basis Point Hike as 'Dovish'

The Breakdown

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Is the New Narrative of Peak Fed Hawkishness Behind Us?

Is the new narrative of peak fed hawkishness behind us, creating enough space for internal crypto narratives to become the drivers again. Will we trade new lows later on? Maybe could be a bad winter. Who cares? Now, first pump, forcing those in the side lines to bi late and in anger. The key is the fed being at peak, or close to peak, hawkishness, rendering itself somewhat irrelevant for the time being - which is very bullish when most are panicking about the fed. So i think the theme here is that we are moving into a moment, a period, potentially of much greater volatility, which doesn't really seem possible right given how wild things have been

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