From a policy point of view, it is too late for the Federal Reserve to prevent financial market bubbles from being formed. That train has long since left the station. However, the least that the Fed can do is to stop inflating the bubble with an unduly easy monetary policy stance.
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Stock market today: Dow, S&P 500, Nasdaq slide as bitcoin tumbles to kick off December
Wall Street’s strong late-November rebound looked set to hit a speed bump on the first trading day of December.
Bitcoin takes another plunge, chances of reclaiming $100,000 by year end drop to 24% on prediction markets
Bettors on Kalshi are putting their money on bearish positions.