The Federal Reserve rarely changes leadership but when it does, expectations begin to shift long before any actual policy moves.
Last week, President Trump officially announced Kevin Warsh as his pick for Fed Chair. And almost immediately, you could feel the market recalibrating.
We’ve seen notable volatility in equities and crypto, while traditional safe havens like $XAU and silver $XAG experienced massive flows, with trillions repositioned in a matter of days. It’s a reminder of how quickly capital reacts to macro uncertainty.
Naturally, leadership transitions bring mixed reactions. Some investors welcome the potential for a new policy direction, while others remain cautious, preferring clarity before adjusting their exposure.
Personally, periods like this reinforce an important lesson for me: volatility is not just risk it’s also information. Instead of reacting emotionally.
Market phases driven by expectation often create opportunities for disciplined investors willing to think beyond the immediate noise.