Charlie Morris, Editor of Atlas Pulse, joined today’s Tip TV Finance Show along with Bill Hubard, Chief Economist for Bullion Capital, and Zak Mir, Technical Analyst at Zak’s Traders Café, to speak on the US interest rate hike, the ‘doughnut’ factor in spending, and bitcoin prices.
Speaking on the credit market, Morris says that spreads remains the best measure in the credit market. Continuing to the Federal Reserve Rate hike subject, he says that the trajectory for the US rates remains to the upside. Adding to this, he says that the US economy is improving.
On spending, he believes that the discretionary spending ahead will rise, quoting that we are seeing the ‘doughnut’ factor – where people have more money to spend.
Bitcoin: Coming of age
Morris highlights that Bitcoin never noticed the Fed announcements previously but saw a dance during the rate announcement this time, exhibiting behaviour like Gold and Silver. He adds that this suggests the crypto currency is coming of age and there might be a link between the price action and the rate hike announcement.
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