Dovish Repricing Helps Risk Assets While MSTR Drives Divergence

Discussed in today's video:

Hassett Trial Balloon: Markets interpreted Kevin Hassett’s emergence as Trump’s top Fed Chair pick as a dovish signal. Dovish Repricing Potential: Fed Funds futures for next Dec sit near 3%, above Miran’s 2.50 to 2.75 preference, leaving room for further dovish adjustment (good for crypto). Bank Capital Relief: FDIC easing of the Enhanced Supplementary Leverage Ratio supports Treasury liquidity and lending, which on the margin is a positive for the coins. Risk Assets Approved: Small caps, equal weight S&P, high yield, NVDA, and bonds all rall...