'Inflation has peaked, pivot is coming,' Bitcoin $BTC analyst caprioleio says Bitcoin Fed
He noticed that for the first time in more than 50 years, the U.S. can see the change in the money supply in the negative. As such, the economy is on its way to pivoting.
Mr. Edwards shared the chart of the S&P 500 index, a stock market index that tracks the performance of 500 large U.S.-listed companies. The 12-year rally of the S&P 500 ended in 2022.The commentators on Mr. Edwards' statement argued that before the pivot is confimed, the market will see some rate hikes by the Fed. The analyst stressed that the inflation indicator is lagging, so the actual inflation peak might be registered some months ago, just like the S&P 500.As covered by U.
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