Interest Rates are the Story…

Today, consumer recession fears hit the market and interest rates dropped to expected lower rate projection.

Follow-up on January 29 interest rate view. Today we got a swing down to the lower forecast level with a 4.26 % hit. A nice cleanout day for the overall markets, especially for the Bitcoin Crowd.

Here is what we said on January 29, 2025: we expect average market rates (20Y+10Y+5Y+2Y) for the next couple of months, see blue lines, to be in a range of 4.25 to 4.48 %. Recent high was 4.71. Today’s chart below.

And if you need a reason for this market cleanout, it is pretty simple, just follow the price of DJT, Trumps Social Company, a collapse in the past few weeks, the next bullshit hype that moves the price upward will probably be signal to go risk on again. Recent high was on 43.46 on January 17, just before the inauguration, today it hit 23.80, down 54%.