OBTC - The Fed's 'Untaper Tantrum'

• The real drama was not on the day of the FOMC statement and Powell’s press conference, but when St. Louis Fed President James Bullard was on CNBC’s Squawk Box last Friday. That’s what caused the most severe repercussions in stocks, bonds, and commodities.
• Retail investors' favorite index - the Dow Jones Industrial Average - was down 533 points on Friday, while the institutional investors’ favorite index - the S&P 500 - was down 55.
• Other than chopping below its 200-day moving average, bitcoin is not acting well. When bitcoin crashes this time around, it will be more brutal due to the large number of individual investors involved.

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