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- cross-posted to:
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Summary
The U.S. dollar surged 1.5% and Bitcoin hit a record high after Donald Trump’s projected election victory, as markets anticipate pro-business policies, tax cuts, and inflationary pressures.
Global stocks also rose, with Japan’s Nikkei up 2.6% and Australia’s ASX 200 up 0.8%. Trump’s plans to make the U.S. a “cryptocurrency capital” and potentially increase trade tariffs, especially on China, are fueling market reactions.
Investors are now awaiting the U.S. Federal Reserve’s interest rate decision and China’s economic strategy announcement, as uncertainty looms over global trade and inflation.
They’re betting that they can sell before that happens and someone else is left holding the bag: pension funds and 401k.
Yeah, time to cash out before the free fall starts.
Unpopular opinion : the crash was going to happen regardless of who’s in charge. The market is long long over due for a major correction.
A correction and a crash are two different things.
This will be a crash. Virtually every economist has said so.
It should have been a correction had it been allowed to happen when it should have.
Now it will be an extreme correction (also known as a crash).
“Both sides both sides”
Hey, bud, your opinion is trash and you can shut the hell up literally any time. It’s free!
There could have been a crash in both situations but if they go through with what they promised the “worse” won’t begin to describe it.