Market sluggish? Don't rush to despair! Key data will determine life and death!
In 1 hour and 27 minutes, two 'nuclear bombs' are about to detonate tonight:
Initial Jobless Claims
March CPI Year-on-Year
The market is still bearish, sentiment is weak, and funds are waiting for direction. But don't forget, once these two data points are released, the market will either reverse or accelerate its decline.
What to focus on?
High CPI - Don't expect interest rate cuts, the market continues to struggle, U.S. stocks and crypto will fall together.
Low CPI - There’s hope, the Federal Reserve may ease up, and the market may bounce back.
High jobless claims - Indicates the economy is starting to weaken, which could benefit risk assets.
Low jobless claims - Employment is strong, the Federal Reserve is less anxious, and the market continues to be pressured.
The current trend looks bearish, but the possibility of a rise still exists. Good data will lead to a direct rebound; bad data will crash through the floor.
Tonight is not about judging whether the bears can win, but rather deciding if a rebound is still possible!
Watch today: ONDO BABY