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Notable events from last 24 Hours
Crypto Market Enters Turbulent Week, Expect Big Losses
[Satire] Investing in ice cream outperforms bitcoin during bear market years, analyst finds.
Bitcoin-friendly PPI data boosts bulls as Ether price fights for $2K
Bitcoin-friendly PPI data boosts bulls as Ether price fights for $2K
I Miss the Simpler Days of Crypto: When Macro Analysis Wasn't a Thing
PPI Numbers Fall Lower Than Expectations, Market Reacts Negatively as Bitcoin Holds $25,000
important dates to watch out for this Month!
Crypto Markets Analysis: Bitcoin’s Improving Health May Be Thanks to 'Dr. Copper'
Bitcoin sees new 4-month high as US PPI, retail data posts 'big misses'
FED Pivot Off The Table? PPI Data Hot Markets React
BTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts
BTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts
Bitcoin price hits $17K on US PPI as trader warns of 'final capitulation'
Bitcoin price hits $17K on US PPI as trader warns of 'final capitulation'
8:30 am everybody is waiting for this, if you don't you probably don't know what you are doing then.
BTC price wobbles on US PPI as Bitcoin futures open interest hits peak
important upcoming dates to keep an eye on!
Eurozone inflation shows no signs of slowing down. BTC is gaining more attention as investors flee to safer assets.
Mentions
Purely conspiracy theory but I think it was just time. Traditional Markets fell on “hot” inflation data which amounted to .1 increase in CPI and .1 decrease in PPI. Probably more to do with tax season. The news outlets can’t just accuse Hong Kong of manipulating price for the upcoming ETF.
PPI lower than expected, at 0.2%
PPI data and jobless claims out soon
tldr; This week's US economic data, including key inflation figures and the start of Q1 2024 earnings season, could significantly impact crypto markets. Market focus is on the Core Consumer Price Index (CPI) and Producer Price Index (PPI) data, alongside the Michigan Consumer Sentiment Index and Consumer Inflation Expectations reports. Additionally, the release of March Federal Reserve meeting minutes and speeches by central bank officials, including Chair Jerome Powell, will offer further insights into inflation dynamics. Amidst this, the crypto market showed stability with Bitcoin and Ethereum experiencing price surges, indicating a potentially bullish market trend depending on the economic reports' outcomes. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
CPI, PPI and more jobs data out this week. Would be nice if they came in under expectations and setup a nice run at the start of the halving.
Nah, core cpi rising more than expected, same with PPI. Definitely not going down, probably not even this year. Beyond the fact that we aren‘t even close to 2%
No rate cuts until Fall after latest CPI and PPI show inflation is sticky. Powell going to say “Still not enough trending data to think about cutting soon”
PPI came in twice what was expected and its looking like the Feds might have to raise rates instead of cutting them. BTC has always been tied to the traditional markets but now with ETFs being one of the biggest players it's just going to follow more closely
I asked google's gemini to explain: The statement refers to the Producer Price Index (PPI) potentially causing a dip in Bitcoin's price. Here's a breakdown: PPI: The Producer Price Index tracks inflation at the wholesale level, indicating the cost of goods as they leave factories. Higher than expected PPI: This suggests inflation might be worse than anticipated. Impact on Bitcoin: Traditionally, inflation can weaken the US dollar, which sometimes leads to increased interest in Bitcoin (seen as a hedge against inflation). However, the Federal Reserve might raise interest rates to combat high inflation. Higher interest rates make borrowing more expensive, potentially leading investors to move away from riskier assets like Bitcoin. Traders forcing the price down: Some traders might be interpreting the high PPI as a sign of an impending interest rate hike, leading them to sell their Bitcoin holdings in anticipation of a price drop. Overall, the high PPI could be creating uncertainty in the market, with some traders using it as an opportunity to push the price of Bitcoin down. Here are some additional points to consider: This is just one factor affecting Bitcoin's price. Other news events, regulations, and investor sentiment can also play a role. The relationship between inflation, interest rates, and Bitcoin's price is complex and not always perfectly predictable. I hope this clarifies the statement!
If you are wondering what is going on, PPI came in a lot higher than expected. Traders are trying to use that to force the price down. Looks like they are going to get fucked to be honest, price not dipping as much as it would have in the past.
This week is going to be exciting we have CPI, GDP, PPI and Jobless Claims.
Yep. It takes a ton of confidence to try to "feel" those moments out because they move quickly, but it seems to move in roughly $3000 bands. We're seeing $50k tested yesterday, and $52.5ish being supported as I type this. As we cross $53k It'll be a bit of an art-form to hold on *just long enough* to find a good profit without waiting too long. My guess is support at just shy of $54k before a dip back to $52kish, then a jump to the all important $55k next. The gamble is not getting caught on the sale side during a moonshot that may happen. I think that's after $56k becomes support (we could see it go to the $60k range overnight at that point) Next week has FOMC meeting minutes and NVDA earnings so it's going to be a crapshoot. If NVDA beats with amazing forward guidance, we could see a crazy moonshot of a week. We could also see a 10% dip if the FOMC meetings are overtly hawkish (possible after CPI/PPI this week disappointed) and NVDA beats earnings but the market decides the top is in (doubtful on both counts IMO because so many companies are riding the AI tailwinds being generated by NVDA - signals of saturation in the AI space would suck for everyone so the market makers will get involved if needed)
Interest rates won't drop lol CPI and PPI came in hot past week! Fed won't pause rates for at least another 6 months just watch it. The markets are on copium for it to happen but the fed won't do it too soon as JPOW said for a while now
This is midwit thinking. You are predicting PPI and the markets reaction to it. Both are impossible feats.
no, the retail sales came in softer than expected. Expect PPI tomorrow to add some fuel back to the fire though.
I think you're onto something with the inflation-adjusted measure, but calculating it might be more complicated than it seems. Inflation rates vary, and there are different ways to measure them (CPI, PPI, etc.). However, your basic premise that we need a better way to measure BTC's value over time is solid.
CPI is ticking up in the US and elsewhere however. Core CPI and PPI (both US) continue to decline ever so slightly month over month. PPI ticked up more months up than down in 2023 and the upticks were larger than the declines. I can't predict the future and I'm no expert on interpreting the data. I guess if you don't deal with it all day and have some kind of insight over others, there's always something you miss. But -2% CPI by year end seems unlikely to me. It should be ticking down across the board for that. That being said, tech is deflationary across decades. I'm doubtful whether it will have a massive impact in 2024.
PPI came in under expectations. stocks mostly in the green. rate cuts still likely to happen this year and the etf got approved and the halving around the corner. great buying opportunity.
PPI data looks good. Hopefully, this leads to a green weekend.
Oh no. There’s no inflation anymore. Haven’t you seen the latest PPI and CPI?
Key Financial Events Next Week: 1. October CPI Inflation data - Tuesday 2. October PPI Inflation data - Wednesday 3. Retail Sales data - Wednesday 4. Philly Fed Manufacturing data - Thursday 5. Building Permits data - Friday 6. Total of 14 Fed speaker events
The crypto market is bleeding further after US PPI rose 0.5%. This is the fastest growth since April.
PPI numbers came in hot. I expect the crypto bear market will unfortunately keep dragging on. I hope I’m wrong
PPI is important of course but CPI tomorrow will be the big one!
September PPI inflation unexpectedly rises to 2.2%, above expectations of 1.6%. Core PPI inflation rose to 2.7%, above expectations of 2.3%. This is the first jump in Core PPI since April 2022. PPI inflation is now up 3 consecutive month It seems like the bumpy road continues
Friendly reminder that PPI data comes out in 20 minutes.
**Today will be interesting:** \- Germany CPI \- NATO defense ministers meeting in Brussels \- Russia Energy Week in Moscow, with officials from OPEC members and others \- US FOMC minutes, PPI \- Fed Governor Michelle Bowman speaks during World Bank IMF meetings
How does PPI affect asset prices? Can someone explain me roughly?
**PPI in 1.5 hours**. Later today we'll get to see the FOMC meeting minutes. Note: This is NOT the regular FOMC you all know. This is just a detailed record of the last FOMC meeting which can give more insight into what the Committee was thinking at the time.
2 hours to go for PPI report! this means volatility in bound for the degens here. if actual (core) ppi > predicted = bullish for dxy
-PPI COMES OUT AT 8:30 AM ET -FOMC MEETING MINUTES COME OUT AT 2 PM ET -CPI ON THURSDAY MORNING 8:30 ET Good luck and remember Buy High Sell Low 
Just about 1/3 of the way through the month, CPI and PPI figures to come through and should be pointing down. Dovish comments being made. It's time for crypto to get over the down trend lag it's on and catch up to tradefi markets
**Key events in global markets this week:** Monday: \- China money supply, new yuan loans \- Bank of England policymaker Catherine Mann speaks \- World Bank-IMF annual meetings open in Marrakech, Morocco, \- Fed Vice Chair Michael Barr speaks \- Dallas Fed President Lorie Logan speaks \-Jap an balance of payments, Tuesdaypeaks Tuesday: \- Japan balance of payments \- BOE releases minutes of financial policy meeting \- The IMF issues its latest world economic outlook \- US wholesale inventories \- Fed Governor Christopher Waller delivers keynote address \- Minneapolis Fed President Neel Kashkari speaks Wednesday: \- **Germany CPI** \- NATO defense ministers meeting in Brussels \- Russia Energy Week in Moscow, with officials from OPEC members and others \- US FOMC minutes, PPI \- Fed Governor Michelle Bowman speaks during World Bank-IMF meetings Thursday: \- Japan machinery orders, PPI \- Bank of Japan’s Asahi Noguchi speaks \- UK industrial production \- ECB publishes account of September policy meeting \- BOE’s Huw Pill speaks \- **US initial jobless claims, CPI** Friday: \- **China CPI, PPI, trade** \- G20 finance ministers and central bankers meet as part of IMF gathering \- ECB President Christine Lagarde, IMF Managing Director Kristalina Georgieva speak on IMF panel \- Eurozone industrial production \- **France CPI** \- BOE’s Andrew Bailey speaks \- US University of Michigan consumer sentiment \- **Citigroup, JPMorgan, Wells Fargo, BlackRock results as the quarterly earnings season kicks off**
Macro events this week: Monday: - closed bond market Wednesday: - PPI - FOMC minutes Thursday: - UK GDP - **US CPI** - China CPI/PPI - Jobless claims Friday: - Deadline SEC to appeal Grayscale ruling - Michigan consumer sentiment + Multiple Fed & ECB speeches
Key Financial Events Next Week: 1. September PPI Inflation - Wednesday 2. Fed Meeting Minutes - Wednesday 3. September CPI Inflation - Thursday 4. OPEC Monthly Report - Thursday 5. Jobless Claims Data - Thursday 6. Total of 12 Fed speaker events
PPI Inflation - Wednesday Fed Meeting Minutes - Wednesday September CPI Inflation - Thursday OPEC Monthly Report - Thursday Jobless Claims Data - Thursday Also 12 Fed speakers talking about the economy this coming week!
[next week](https://www.forexfactory.com/calendar) is gonna be a fun volatile week for the market. PPI on wednesday CPI on thursday China CPI on friday ​ other than that, we also have caroline testifying on tuesday!
1. Upward crab activated. 2. On Friday afternoon, HTX board member Justin Sun printed $815 million in stablecoin TUSD, in less than 15 minutes. 3. Mark Cuban loses $870k to a crypto scam: “They must have been watching” 👽 🛸 4. MOON’s looking to rise above 0.30, BTC crabbing towards 27K & ETH at 1632. All APECOIN Holders in red.PEPE has officially dropped out of top 100. 5. PPI, Retail Sales, and Unemployment claims bit higher than expectations. 6. Telegram adds self-custodial crypto wallet worldwide, excluding the US. 7. No announcement from reddit regarding Reddit community points. Notable Financial Dates Coming Up: * September 19, 20: FED Meeting. * September Jobs Data: October 06.
Might have something to do with the CPI and PPI being on target, the FTX ruling that they need to slowly sell their holdings as well, or could just be crypto things.
1. Upward crab activated. 2. PPI, Retail Sales, and Unemployment claims bit higher than expectations. 3. MOON’s steady at 0.28, BTC crabbing towards 27K & ETH at 1632. All APECOIN Holders in red. 4. PPI, Retail Sales, and Unemployment claims bit higher than expectations. 5. The European Central Bank (ECB) has increased interest rates to a record high as Europe battles to bring down persistent inflation. 6. Telegram adds self-custodial crypto wallet worldwide, excluding the US. 7. No announcement from reddit regarding Reddit community points. Notable Financial Dates Coming Up: * September 15 :Quad Witching. * September 19, 20: FED Meeting. * September Jobs Data: October 06.
New numbers from feds just out Producer Price Index (PPI) (Annual): Announced 1.6% – Expected 1.2% – Previous 0.8% Producer Price Index (PPI) (Monthly): Announced 0.7% – Expected 0.4% – Previous 0.4% Core Producer Price Index (PPI) (Annual): Announced 2.2% – Expected 2.2% – Previous 2.4% Core Producer Price Index (PPI) (Monthly): Announced 0.2% – Expected 0.2% – Previous 0.3%
? He’s basing it on core CPI and PPI, which are still hot hot hot. Why would he hold now if they are not going down.
CPI as expected, PPI hot, stock markets up, economy is still strong. Lol, JPOW is going to raise rates .25.
1. Crab Mode is back. 2. Paxos, Crypto infrastructure provider for PayPal identified as the fat finger for paying 19.6 BTC as transaction fee. 3. FTX RECEIVES COURT APPROVAL TO LIQUDATE CRYPTO ASSETS. 4. MOON’s steady at 0.28, BTC steady at 26.2 K & ETH at 1600. PEPE refusing to exit Top 100.All Arbitrum Holders in red. 5. CPI in-line with markets expectations. Market crabs as usual. Notable Financial Dates Coming Up: * September 14: PPI, Retail Sales, and Unemployment claims. * September 19, 20: FED Meeting. * September Jobs Data: October 06.
I for the life of me cant figure out what CPE is lol I know CPI and PPI but what is CPE lol
1. Crypto exits GET REKT mode. Crabbing time is back.Redditors relieved. 2. ONECOIN CO Founder sentenced to jail for 20 Years.Fined 300M for 4B Fraud. OG Crypto queen Ruja Ignatova still on FBI’s most wanted. 3. MOON’s steady at 0.28, BTC steady at 25.8K & ETH at 1590. PEPE refusing to exit Top 100. 4. Gensler noted that the agency needs more funding and staff in order to effectively regulate securities markets and protect investors. Gensler applies for Buttcoin ETF. Notable Financial Dates Coming Up: September 13: CPI Print. Timings. Timing - 8 :30 AM. September 14: PPI, Retail Sales, and Unemployment claims. September 19, 20: FED Meeting. September Jobs Data: October 06.
This was bound to be a volatile week for equities, and BTC tends to front run volatility in other markets. You have quad witching on Friday which is a massive event for the big boys reshuffling funds, not to mention CPI tomorrow, and PPI, retail ales, and Unemployment claims on Thursday.
This week is already off to a doozy of a start with BTC slumping off all day and then almost recovering in the later evening. People already pre-selling ahead of some big news events including more US inflation numbers. Volatility will be high this week as everyone is expecting the worst from the FTX decision too. CPI and PPI thrown in make for anyone’s guess how things will go.
1. Crypto exits crabbing mode. Looks like GET REKTEMBER. 2. FTX planning to liquidate holdings worth 3.4 Billion. SOL holders in trouble. 3. MOON’s drops below 0.30, BTC steady at 25K & ETH at 1560. ALL ALGO holders are in red. 4. 69th SNEK Awarded by me to the daily thread. Notable Financial Dates Coming Up: September 13: CPI Print. September 14: PPI, Retail Sales, and Unemployment claims. September 19, 20: FED Meeting. September Jobs Data: October 06.
unfortunately CPE is the one the fed cares about, so while the CPI/PPI might get the stock market going, we probably won't see much reaction until the FOMC
I think it's frontrunning the big events coming out this week from the US: CPI print on Wednesday. Thursday: PPI, Retail Sales, and Unemployment claims. And Friday is Quad Witching. The volatility should be high through the weekend.
This week is starting out about as expected, with BTC frontrunning the high volatility events: CPI print on Wednesday. Thursday: PPI, Retail Sales, and Unemployment claims. And Friday is Quad Witching.
CPI this Wednesday. PPI this Thursday
Interesting week ahead with CPI and PPI and FTX saga 👀
CPI/PPI and rate hike coming this month too
Key Financial Events Next Week: 1. $AAPL iPhone Release Event - Tuesday 2. August CPI Inflation data - Wednesday 3. August PPI Inflation data - Thursday 4. Retail Sales data - Thursday 5. Consumer Sentiment data - Friday 6. NY Fed Manufacturing data - Friday Speculation: FTX is seeking approval to liquidate its assets on 13th September. They had $3.4b worth of crypto in April. Current proposal is to sell up to $200m worth of crypto every week.
Next week is going to be action packed. We've got CPI print on Wednesday. Thursday is PPI, Retail Sales, and Unemployment claims. And Friday is the big baddie of all: Quad Witching. If BTC doesn't see a spike in volatility by Friday, I will be floored.
"I can go back and give you examples from the 1920s when the US created massive supply of liquidity and they shouldn’t have. So, money supply is still negative, PPI (producer price index) year-over-year is still negative and the Fed is still hiking rates. Everything else is going to trickle down from that and the Fed is not going to stop…" Comparing 1920 with 2023 is all I need to know about these so called experts 🫠
tldr; Quick Take The market anticipates continuity in the Federal Reserve’s pause for the remainder of the year, as suggested by current trends. The resurgence of Consumer Price Index (CPI) and Producer Price Index (PPI) inflation rates has activated a reevaluation of these expectations. Prevailing market sentiments are pricing in 125 basis points worth of rate […] The post Federal Reserve’s 2024 plans could create headwinds for Bitcoin appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
With this latest PPI, one would think Bitcoin would, ya know, have some sort of reaction?
PPI rose a bit, how will this effect crypto today? Hmm
CPI and PPI data later this week be a catalyst for movement
tldr; The upcoming week is expected to be significant for the Bitcoin and crypto market. Three key events to watch out for include the release of the Consumer Price Index (CPI) and Producer Price Index (PPI) data for July, as well as the decision on the Bitcoin ETF application by ARK Invest. The CPI, which measures inflation, is expected to rise from 3% to 3.3% YoY in July, potentially impacting the financial markets. The PPI, seen as a leading indicator for the CPI, is also expected to rebound. The approval of a Bitcoin spot ETF could be a major catalyst for the market, with ARK Invest being the first to receive a decision from the SEC. The SEC's deadline for ARK Invest's application is on August 13. However, experts believe that the SEC will likely delay the decision. If the SEC postpones the ARK filing, other companies like Bitwise and BlackRock will have their turn. The Bitcoin price currently stands at $29,079. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
Tldr; Consumer Price Index (CPI) On Thursday (8:30 am EST) Producer Price Index (PPI) On Friday (8:30 am EST) Bitcoin ETF Decision For ARK Invest On Friday
Macro news this week **Tuesday:** - US/China Trade Balance **Wednesday:** - China CPI **Thursday:** - US CPI - Jobless Claims **Friday:** - GBP GDP - US PPI Earnings season of the S&P 500 is about to end. CPI report is estimated to continue cooling down which will be important for crypto consider it’s impact on the next FOMC. Expected headline 4.7% vs 4.8% previous. Next deadline for ETF filings is early September while Grayscale court decision is estimated to be settled this month.
Key Financial Events Next Week: 1. Moons distribution- Wednesday 2. July CPI Inflation data - Thursday 3. Jobless Claims data - Thursday 4. July PPI Inflation data - Friday 5. Consumer Sentiment data - Friday 6 Total of 3 Fed members speak 7. ~15% of S&P 500 companies reporting earnings
Dang, nice write up OP! Let’s hope that this data goes well for the upside. However, I do admit that I fear the downside risk of the economy right now, which would lead to some cascading liquidations. The next CPI data, PPI data and Fed meeting are probably the biggest catalysts coming around the corner
Which one? CPI and PPI were 2 weeks ago…
And better than expected CPI and PPI. ... Fuckin hell the sell pressure makes zero sense ...
Let's not go sucking each others dicks just yet...BUT... It seems that JPow may be piloting us into a soft landing after all, CPI PPI and Core inflation seem to be resolving, Fed will probably raise another .50 to make sure inflation doesn't stay sticky at 3% but there is a light at the end of that tunnel. Fed will probably start to roll back rates next year in time for the halving. ​ SEC has to make determinations on whether to approve the BlackRock and other ETF's by the time of the next halving. If they get approval there are Trillions of dollars sitting on the sidelines. ​ The shortage of BTC available to exchanges has never been lower so potential supply shock when retail hits the scene ​ XRP winning this case which will legitimize the space even further on top of the 4-year cycle makes me think we are going to have an interesting bull phase ahead of us!
And we thought CPI & PPI are important events. lol
tldr; Bitcoin (BTC) is expected to reach $31,000 as declining inflation boosts its price. The United States Producer Price Index (PPI) numbers came in below expectations, indicating rapidly abating inflation forecasts. Despite this, markets still anticipate another interest rate hike from the Federal Reserve. Analysts believe that declining inflation has directly influenced the rebound of the BTC price. Additionally, Europe is set to launch its first Bitcoin spot exchange-traded fund (ETF) this year. Traders are optimistic about a breakout and anticipate a major move in the market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I don’t want to think where we would be if CPI and PPI would have been bad…
So PPI Core, month over month and year over year are all better than expected. Jobless Claims a bit lower than expected. Will it move markets? Rember, lower PPI means lower CPI in the next months?
wonder how PPI will affect everything
That's the PPI, but I don't think it will change anything much
possibly! US PPI stats in 2.5 hours "PPI measures the change in the price of goods sold by manufacturers. It is a leading indicator of consumer price inflation, which accounts for the majority of overall inflation."
PPI tomorrow, jobs data friday
A tasteful PPI will replace my ramen dinner with the pizza and beer
We still have PPI and other numbers in coming days. They might help us pump our shitcoins bag. Fingers crossed!
Look like you have to wait for little longer to see them filling as we all know today and later CPI and PPI data is coming and we all are guessing to have them in the nice number
A tasteful PPI would be nice
PPI is the following day, i'm hoping for good numbers in both.
This week's most important factors: CPI inflation (wed.) PPI inflation (thurs.) Jobless Claims (thurs.) consumer Sentiment (fri.)
A few but most important scheduled are CPI & PPI. Otherwise just the usual ongoing stuff
Good morning. I hope you all have a nice day and brace for the charts this week. Probably crabbing but maybe we'll see some interesting price movement. Macro US is due for CPI, PPI, Consumer Sentiment. UK has a GDP announcement. I had a medical issue last week because I forgot to drink enough water for my activity level, so my message today is to keep yourselves hydrated! 
Macro schedule for the week ahead Chinese inflation rate in 1.5h Monday: - China CPI/PPI - UK unemployment numbers - ZEW economic numbers Wednesday: - **US CPI** (0.3% MoM expected) - BOC interest rate decision Thursday: - US PPI - Jobless claims - ECB minutes - OPEC report - GDP UK Friday - Michigan consumer sentiment *Fed speakers scattered throughout the week
I would not understand why. Inflation goes down for how many months now? Many. The PPI is very low now. Rates are working. Stupid Poker face from them
The PPI (producer price index) numbers this morning all but confirmed there will be no hike today. Particularly after yesterday’s consumer inflation numbers.
Wednesday will be huge, 3 big events May PPI Inflation data June Fed meeting Moon Distribution Day
Key Financial Events Next Week: 1. May CPI Inflation data - Tuesday 2. May PPI Inflation data - Wednesday 3. June Fed meeting - Wednesday 4. Moon Distribution Day - Wednesday 5. Retail Sales data - Thursday 6. Initial Jobless Claims - Thursday 7. 2 Fed speakers Friday, blackout period ends
China's CPI increased only 0.2% YoY & the PPI dropped 4.6% YoY. They might be heading into a deflationary phase.
* Moons coming in 4 days * CPI & PPI were lower than expected, so next FOMC meeting will probably not raise rates. * Bitcoin Conference in Miami coming up 18th - 20th.
Tell me whatever you want, yes we are in a really bad economical situation, but it makes zero sense to go lower on good news (PPI/CPI going down slow and steady).
Its horrible ofc. But if there are "good" news coming out (PPI/CPI going down, meaning likely for rate hike pause or even pivot soon), why are we then dumping even more? all that shit makes no sense, usually we always pump on good news...
????? everyone expeting bad PPI/CPI numbers, they come in better. Whats the unexpected part here?
Okay PPI & Job data all across the board better than expected (ok in regards of jobs worse than expected -> good for no rate hikes though). Lets see if we again only pump couple of % and dump to hell again...
PPI down should mean stocks up. PPI down also means less pressure for the FED to raise rates. So crypto up too. Let's hope PPI is low.
Do you think this will go down after PPI report or it will decouple itself from stocks if it goes down?