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Tom Lee cites his own prediction of Friday's rise: Powell's speech interpreted as dovish, bullish for crypto
Summary: In a tweet, Tom Lee stated on X platform that Powell's speech was interpreted as dovish, in line with expectations, bullish for crypto (BTC, ETH). In his quoted tweet, Tom Lee predicted on August 19: In conversations with institutional investors, more people expect Fed Chair Powell to lean hawkish, as he doesn't want to be ...
In a tweet, Tom Lee stated on X platform that Powell's speech was interpreted as dovish, in line with expectations, bullish for crypto (BTC, ETH).
In his quoted tweet, Tom Lee predicted on August 19: In conversations with institutional investors, more people expect Fed Chair Powell to lean hawkish, as he doesn't want to be forced to cut rates. Because this is the consensus, his statement is likely to be seen as dovish. This means the stock market may rise on Friday after the Jackson Hole event.
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Link: Tom Lee cites his own prediction of Friday's rise: Powell's speech interpreted as dovish, bullish for crypto [Copy]
