💎 Reason for correction | Sooner rise
➡️ One of the main, fundamental reasons for the correction in the stock market (SP500) and cryptocurrency is the seasonal reduction in liquidity, tax payments have been moved to the US Treasury account and left the market, but are sure to be brought back again.
➡️ Arthur Hayes (CEO of BitMEX) wrote in his new post that today we should not follow the Fed (their position and goals are clear), but the U.S. Treasury and Secretary Yellen. She can "pour $400bn to $1.4 trillion into the market" with her decision and when this happens - the markets will start to rally again and accelerate the "bull market", you can read more about the arguments here.
✔️ Conclusion, the Fed's hands are tied due to strong data, until they start cutting rates and printing new liquidity - a full-fledged bull market will not happen (read more here), but the FOMC will continue to "stimulate the markets". Fin will continue to "stimulate the markets" until after the US elections, which increases the chances of a rally in high risk markets and altcoins in particular in the near term ❤️✌️ Going for Growth