Trillions of billions of dollars in metals erased when just one person was nominated. | $SYN $STRAX $XVS

The choice of Fed hawk, Kevin Warsh, by Trump, inverted the overnight rate expectations. The selling of gold and silver was furious as the dollar soared, yield skyrocketed and leveraged positions were liquidated. This was policy shock and dealing with thin liquidity.

Bitcoin remained quite stable during the turmoil, a fact that CZ mentioned in real-time.

Conclusion: It is no longer asset class volatility. It has to do with leverage and macro positioning. Stress markets are better at absorbing stress.

#WhoIsNextFedChair #TRUMP #FedHoldsRates #Inflation #RateCut

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