Dollar down, equity/crypto up on basel III pushback
Updated
Powell testified today and I think what he said will devalue the dollar and boost everything else - the pushback on Basel III and the willingness to re-evaluate are signalling that banks won't be tightened down too much. To me, that's possibly an inflationary signal as they can create more money.
Note
Oops - Don't mind the line down, this was a long call.Note
Market rallied, and I got that move. Gave some back trying to get the move a second time, but the data today was mixed.
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