Moonbags Markets

A culmination of bad events going on with backdrop of NFP on Friday

Already starting out true to the trend

🇺🇸🗣 #macro Fed Chairman Powell: - Rate reduction by 50 bp. in September is not a signal that future steps will be as aggressive; - If the economy as a whole develops as expected, the policy will eventually will shift towards a more neutral position; - Today we see that the risks to achieving our employment and inflation goals are approximately balanced; - It is time to reconsider our policy position to reflect progress in achieving our goals, as well as the changed balance of risks; - Inflation is now much closer to our target of 2%. Also, Bostic from the Fed said that he is ready for the next reducing the interest rate by 50 bp. in November.

JUST IN: 🇺🇸 FED's Bostic says he is open to another 50bps interest rate cut in November. @WatcherGuru

FYI

🍿⚖ #FTT Cointelegraph: Rumors that FTX will begin distributing refunds to creditors and customers on September 30, 2024 are false because the restitution plan has not yet been approved by the court. According to updated Chapter 11 filings, next court hearing to approve restructuring plan will take place on October 7, 2024.  If the plan is approved, claimants with small claims under $50,000 could begin receiving payments by the end of 2024. Claimants with larger claims may not see payments until the first or second quarter of 2025.

🇺🇸 Elon Musk says Warren Buffett is positioning for Kamala Harris win with his $277 billion cash pile, per Benzinga. @Fin_Watch

*BINANCE FOUNDER CHANGPENG ZHAO RELEASED FROM US CUSTODY: BBG

CZ to be released today after spending four months in federal prison — link | tl;dr

For bitcoin, October tends to be the most bullish month

Seasonality shows Octobers in election years for Stocks is generally very bearish

The difficult question is now, will October be bullish?

The U.S. announced that the core PCE price index rose by 0.1% in August, which was expected to be 0.20% and the previous value was 0.20%. The data suggests that inflationary pressures have eased and may affect the Fed's future monetary policy decisions, such as the possibility of interest rate cuts. — link

Warnings were given over a month ago. Everyone had ample time to load the boat. Wonder how many listened?

Now lots of accounts that were sidelined say we get a scam dump that will recover. I see they are already at bargaining stage.