audit firm... crypto??

Sir, this is a r/wallstreetbets

Never said the bottom was in.

But why are you bothering with daily and hourly moves if the bottom is what you're chasing?

Unfortunately, the market tends to not care about your kind of interpretations of 1st and 2nd derivatives😢

EDIT:

From my other comments here (since you all seem to be implying the same things and I'm lazy to type another unique comment that provides more clarity):

>That's not how the market works. Mr. Market is forward-looking, and that is why the regards here get confused all the time when it rallies when the FOMC raise rates and CPI prints 7.7%.
>
>You need to keep an eye on TIPS, and more importantly, the futures that track the OBFR to get an idea of what is already being priced in and then compare those data to what actually happens.

​

>50 bps for Nov, yes. But confirmation that the pace will be slow from here on till terminal rate is reached and then held there was essentially confirmed today.
>
>But none of that will matter if inflation starts heading up again. That, along with the terminal rate from the December SEP, will be the next big market movers.

50 bps for Nov, yes. But confirmation that the pace will be slow from here on till terminal rate is reached and then held there was essentially confirmed today.

But none of that will matter if inflation starts heading up again. That, along with the terminal rate from the December SEP, will be the next big market movers.

That's not how the market works. Mr. Market is forward-looking, and that is why the regards here get confused all the time when it rallies when the FOMC raise rates and CPI prints 7.7%.

You need to keep an eye on TIPS, and more importantly, the futures that track the OBFR to get an idea of what is already being priced in and then compare those data to what actually happens.

Bad news? Did you listen to Powell's speech today? Dude basically said the Fed Reserve will slow down pace (down to 50 or 25 bps) unless inflation starts rising fast again.

Form what I've observed over the past few years, this sub does not keep up with the financial markets, nor do many of the people that comment and upvote here know much about the financial markets.