BREKING 🚨

Rising odds for Rick Rieder (32%) reinforce expectations of a market-aware, liquidity-friendly Fed, even if Kevin Warsh (46%) still leads. Traders are pricing policy uncertainty, not a pivot yet.

Market impact:

$SENT – Elevated macro sentiment volatility

$ENSO – Benefits from clarity around rates/liquidity

$ZRO – Risk-on positioning if markets anticipate a softer Fed stance

Bottom line: Speculation supports risk appetite, but confirmation is the real catalyst.