Wall Street Has Never Faced This Many Market Forces at Once, NYSE Veteran Says
Veteran NYSE floor trader Peter Tuchman says stocks face several pressures at once, including oil above $100, wars involving Iran and Russia-Ukraine, and a split Federal Reserve. The S&P 500 fell 1.8% on Friday, and CME FedWatch priced 72% odds of a December rate hike. This matters for crypto because tighter rates and risk-off equity moves often weigh on bitcoin and other risk assets.