Truflation, which was at 1.37% on May 2nd, has now risen to 2.04%. This indicates that 'Trump's Tariff' is impacting the whole economics. If this continues then Powell won't stop QT and there won't be any rate cut anytime soon. On one hand, Trump wants rate cut and on the other he is imposing Tariffs. Weirdo!
The next CPI is coming on June 12 followed by FOMC on 18th. I expect CPI to be higher than previous (2.3%). The markets would be volatile and we could see some significant drop then.
Technically speaking, Bitcoin had 7 weekly Green and therefore a Red becomes due anytime. Would advise all of you to take care of your holdings especially Alts. Beginning to Mid June period might be turbulent.
The silver lining is that turbulence doesn't last long. Take care!
