The Fed decision was EXTREMELY encouraging and there were no nasty surprises. The only major threat to a bullish market right now is the situation in Ukraine ... but I believe there will be NO WAR and that we're back on track for an extremely bullish 2022

• COVID. All the predictions of OMICRON disaster were wildly overstated. Here in the UK, ALL restrictions will be permanently abolished from this Saturday. The same in several other European countries.
• Ukraine. Despite the chest thumping, there will be no major conflagration in Ukraine. Russia cannot afford to lose face and will back down - whilst making a small, grandiose gesture.
• Putin has confirmed that Russia will NOT be banning crypto. That was obvious, but it's still bullish news.
• BTC Futures are currently at 0.93 - the highest for some time. The markets have fully priced in the gradual phasing out of tapering and up to 4 x 0.25% rate increase this year.
• Global supply chains are recovering faster than governments expected. Again, this is due to Covid becoming less menacing.
• The US Labor Market is now officially 'Strong'.

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There will be serious profit taking in the next few hours, but that's to be expected. But we're now back on firm ground until the Spring.

NFA/DYOR