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🚨 Kevin Warsh is now officially becoming Fed Chair
Not gonna lie this could get ugly for markets
Traders are now pricing a 50.8% chance of rate hikes by year-end
And if that actually happens billions in liquidity get pulled out.
Less liquidity = pressure on 👇
- crypto
- stocks
- risk assets
Everyone’s focused on the new chair.
I’m focused on what comes after the speeches.
Policy > headlines.