$BTC
Last night's GDP and PCE data came out, and Nini was very anxious. In the first quarter, GDP fell by 0.3% year-on-year, far below the expected value, and PCE was ridiculously high, a steady economic recession + inflation scenario!
In fact, the market is not stupid. Although the data looks weak, it has not yet reached the point of confirming a recession, so the decline is not too far, proving that the support below is still strong.
Moreover, Trump has been actively promoting negotiations recently, and there is a high probability of a rate cut in May, but as long as the uncertainty of tariffs and policies does not fully erupt, market sentiment will not be too bad.
Looking at the GDP data again, it is a bit complicated. Speaking of negative news, it did fall by 0.3%, and the market followed suit; but the US economy is not bad, consumption is stable, and the increase of 3% is also on the average line.
If the unemployment rate of the US population rises again tomorrow night, the economy will look even worse. However, as long as the unreliable ones stop making trouble, the market should be able to maintain recovery in the short term. The focus will be on the population unemployment rate data and non-agricultural data tomorrow night.
Tonight, you can pay attention to the number of unemployment claims and ISM manufacturing PMI in the United States. Follow Nini and click on the homepage to learn more~
