Asks how Fed focus on jobs compares to market's macro picture view
CNBC Anchor
Steve Sosnick
Market mindset completely changed after John Williams signaled favor for rate cuts; risk-off trades abated including Bitcoin correlation
Asks if market needs Fed rate cuts to keep going higher based on recent reaction
CNBC Anchor
Steve Sosnick
Stock market is very dependent on rate cuts; rough November when expectations fell from 80 to 35, now back to 70-75 with better market mood
Asks about market positioning - next leg higher or consolidation phase given crypto correlations
CNBC Anchor
Steve Sosnick
Bitcoin correlates with Nasdaq/S&P via Mag7 stocks as proxy for risk; crypto tourists via ETFs treat it as regular investment