Fed comments, jobless claims, and my crypto watchlist
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Powell's recent 'higher for longer' rhetoric certainly puts a damper on some of the more speculative plays. We're seeing a slight pullback in risk-on assets, but nothing catastrophic yet. I'm keeping an eye on projects like $LDO, which is currently holding steady at $0.294, to see if it consolidates or tests lower support in the coming week before any serious entries. The jobless claims print tomorrow will be a key piece of the puzzle for how the market interprets the Fed's conviction.