Markets are systematically inflating - crypto is the last domino

When the Fed essentially all-but-declared that they have raised interest rate to its maximum level (@5.25%) for this cycle, and as inflation responded by falling to 3% (the official CPI number which no one believes ????), it opened the doors for markets to inflate and go back to their all times highs.

First, the Dow hit its ATH late last year. Dow is the most conservative/old world stock index.

Next S&P500 hit its all time high in Jan.

Third, Nasdaq (which is the growth/new world index) hit its all time high in Feb

Finally, it’s now the turn of the crypto markets. Crypto is considered to be the most speculative and newest asset class.

In March, Bitcoin returned to its all time high above $69k. Considering the trajectory of the stock markets, which have continued to march higher after breaking the ATH, it is likely that BTC will also keep going up past $100k.

Probably in April or May, Ethereum will go back to its ATH.

Looks like a systematic pattern to me, and one that will be broken only when there is some macro event that causes the whole momentum to shift downward.

And when that happens, the Fed will ride to the rescue by reducing interest rates (they now have a lot of runway) and the party will resume.

Everyone knows this and is happily jumping onto the asset bubble train.