FOMC MINUTES BREAKDOWN — January 27–28, 2026

KEY TAKEAWAYS

This is what we have been talking about. The macro picture for 2026 continues to lean bearish in my view, and today’s minutes reinforce that. I think crypto still has another leg down (it doesn’t have to be this month, I expect it in May and October), and I think equities are heading lower again before we find a real floor. That does not mean sit in cas…