Stocks futures are ticking all time high due to better than expected job report, china trade progress and easy money policy. Investors are ignoring any bad reports. Companies with earning miss are punished less these days. 

Is not it irony that Fed should raise rate right now?

In fact, FED instigate the fire by not only cutting rate but flooding market with liquidity through REPO.

Another, interesting thing is that volume is relatively low. It also means that lots of traders are hesitant to enter this bubbly market. However, how long they can wait. 

Once their patience will break down due to FOMO, they will enter too. That is how the real bubble takes place. On the backdrop of euphoria on some good news but ignoring the till-tail sign of slowing down, bubble tops.

Unemployment rate can't go lower at this point. The next thing is that unemployment rate will go higher. GDP growth is already slowing down. Manufacturing output have been slowest in the years. 

Economic behemoth China even India's growth is slowing down. FED's interest rate is already low at 1.5-1.75. Therefore, FED is losing control of its strongest weapon. It means negative interest rate is on the horizon.

![index_future.png](https://cdn.steemitimages.com/DQmcd7upUeFzbxYJ9hWG8vTSjCv29hsEg4UB7rXUDi7A9Qm/index_future.png)

Usually, interest rate is supposed to determined by the Market. But FED is forced by external forces such as pressure from the Market and politicians in power. It is recipe for the disaster.

However, bubble can continue for a long time without any hiccup until it burst. Nobody know when it will happen.

In the meantime, BTC has almost gained 50% of the value of its all time high. But most alts have lost 80-99% of its value from their respective all time high. 

Will easy money from FED enter the crypto market? There is a strong belief that alt will not recover until BTC breaks its all time high. Nobody wants to miss the BTC's boat. Once investors fills that BTC has run its race, they will enter to altcoins for bigger profit. It is how altcoin bull run can be instigated.

Therefore, it looks like it can take another six months (May, 2020) of trials for altcoins if BTC breaks ATH on the halving euphoria. Altcoins are looking like the step brothers in this time of monetary easing. 

**Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions. This opinion is only for educational purpose.**

![](https://cdn.steemitimages.com/DQmZ5Kf2gP7TTJ67SmHzRNqQHdsSHUg3rAecV6PN4W4c29Z/image.png)


Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.

Thanks for reading.
@dtrade
Cryptominer , occasional trader and tech blogger since 2013