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All moments › CLARITY Act Failed, Fed HIKE Tomorrow — What Happens to Crypto Next?

Stock market near all-time high; bond yields at 2007 levels; mortgage rates at 7.17%.

From CLARITY Act Failed, Fed HIKE Tomorrow — What Happens to Crypto Next? · jumps to 1:37:41 · speech

▶ Open at 1:37:41 on YouTube
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The stock market is 3% off all time high and bond yields are as high as they were in 2007. What could possibly happen? I don't know. Right? I mean, I think the most bullish outcome is bonds down stocks and crypto up or bullish. Obviously that's bullish, but that's the most ideal outcome for us, you know, crypto bros would be bonds down stocks and Bitcoin up, but I don't know what's going to happen. Going to be interesting, though. 10 year note rises to 5.04 highest level since July of 2007. This pushes the average interest rate on a 30 year mortgage up to 7.17% home ownership is officially a luxury. It is crazy seeing these bond yields have a five handle in front of them. Like it is kind of nuts. Like I can put a million bucks, you know, in a, in the T bills and like I'm printing hard, you know, a lot harder to justify putting a million dollars into the S and P right now, which looks like this. Also pretty typical in a midterm year, which is what we're getting is some sort of stock market correction. So this is midterm
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