Dr. Jeff on Nostr: I see two primary narratives in the markets today. Whichever one wins will decide the ...

I see two primary narratives in the markets today. Whichever one wins will decide the market direction over the coming weeks/months.

1. Sticky high inflation
- Interest rates creep higher
- Fed must raise the fed funds rate higher for longer
- Net liquidity continues to contract
- Tech/growth and real estate equities suffer
- $btc crabs or falls

2. Disinflation
- Interest rates drift lower
- The "Fed pause" rally reignites
- Net liquidity starts to expand
- Tech/growth and real estate equities rebound
- $btc catches a bid

The incoming inflation data points will decide our fate.