Dow Jones Index broke the previous ATH 🥳

Congratulations 🥳 Dow Jones, One of U.S. stock indicies, broke the previous ATH(All Time High) 🎉 It's been 2 years. Unfortunately, S&P 500 and NASDAQ indicies are still less than the previous ATH. I think it's possible for two indices to break the previous ATH within this Dec. If so, it will positively affect the crypto market condtion and sentiment.

By the way, yesterday's pumps were from the Fed's chairman Powell's statements. The Fed can cut the federal funds rate 3 times next year. The Fed recognize that a long-term of the federal funds rate pause can be risky for the financial system.

Market participants anticipate that the 1st federal funds rate cut will start in Mar 2024. My opinion is same. There were no occasions having no recessions after 10y-3m yield spread inversion since 1980. I'm worried about when a next recession is coming.. 😱 The federal funds rate cut is always not bad.