Today, I want to talk about global finance which also affects cryptocurrency.
"Markets seem to be treating bad news as bad news again, not a positive catalyst given an easy Fed outlook," Citi's head of US equity strategy, Scott Chronert, wrote in a note to clients on Friday.
"Investors are even starting to ask recession-related questions and have started to review their economic slowdown playbooks."
Friday's employment report, which showed the second-weakest monthly job additions since 2020 and the highest unemployment rate in nearly three years, accelerated the action.
Over $879 billion was wiped out from the US stock market today.
WE MAY SEE THE BIG BEARISH TREND COMING SOON.