With Fed QT (Quantitative Tightening) running at a pace of $95 billion a month and the Treasury forecasting its cash balance to rise by $200 billion into year end, that amounts to a squeezing of liquidity that alone implies an 8% drop for the S&P 500 by the end of December, according to their model.
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Gold, Silver, Bitcoin Slide as Fed Holds Rates Steady and ‘Higher for Longer’ Takes Hold
Gold, silver, and Bitcoin all dove on Thursday as the Federal Reserve signaled it is in no rush to cut interest rates, undercutting the traditional appeal of safe-haven and alternative assets.
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