Markets Take A Turn

It's wild but the markets always seem to do the opposite of what everyone else is thinking and talking about at the time. For example in recent news this week should have been the most positive week ever for crypto and for the stock market.

The two big pushes for this week were going to be that the Fed has finally decrease rate, inflation was still going down and that China injected a major stimulus package into their economy which should be felt around the world.

Instead this week we have seen the following...

The Dow This Week

The S&P 500

Bitcoin

The Crypto Markets In General

This drastic down turn wasn't expected from the news headlines however people are now blaming this sharp decline on the continued escalations in the middle east. With a growing increase of Iran launching a possible missile attack soon it has the markets on edge but it also doesn't really explain why bitcoin is down.

In theory bitcoin should do pretty much the opposite of the rest of the markets being that it's a finite amount of it and it would do very well against inflation etc. This is because of the limit supply of it bitcoin should continue to only suck in inflation from around the world increasing it's value over time.