#WhoIsNextFedChair
The name is not yet known.
But the market has already chosen the framework.
There is the crack that almost nobody looks at. ⚠️
When capital does not know the next president of the Fed,
it does something different:
it starts reading prices, not speeches. 🔇
Data that goes under the radar:
Rate futures have been pricing in
prolonged stability until 2026,
and the first cuts appear after the change in the presidency.
This is not an opinion.
It's price. 🧭
This explains several movements that do not align with the public narrative:
– Long bonds regaining attractiveness before any announcement.
– Silent adjustments in duration by large banks.
– Less real pressure from the balance sheet, without officially declaring it. 🐘
This is not a dovish turn.
This is not early relief.
This is ground preparation. ⚠️
While the consensus discusses names,
captial is measuring
cost of money, depth, and timing of liquidity. 🔇
When the next president is official,
many will feel that the market "reacted quickly".
But the important movement...
already started. 🧭
$USDC
$BTC
