PANews reported on December 8th that Chinese crypto analyst Banmuxia wrote, "This week's Fed rate cut and renewed balance sheet expansion will normalize tight liquidity, making this week a week of broad-based gains (US stocks, crypto, precious metals, etc.), and even the following month could be a month of broad-based gains." Banmuxia also cited his article published on November 11th, which stated, "Starting in December, the Fed will stop shrinking its balance sheet and may begin expanding it, at which point liquidity will return to normal, similar to October 2019. The real massive easing will have to wait until May next year, after Trump takes control of the Fed, similar to March 2020."