LATEST🔥 | Today the U.S. stock market sends us a powerful signal:
🟢 The SP500 opens at historic highs, driven by strong earnings from #META and #Microsoft.
👉 But... what about the economic data? Is the market looking the other way?
📊 Economic data from the U.S. (latest reports):
🔹 Unemployment claims:
👉 218 K vs 220 K expected
🔹 Annual PCE Inflation:
👉 2.8% vs 2.7% expected
🔹 Monthly PCE Inflation:
👉 0.3%, in line with expectations
🟡 The important thing: it's been 2 months with a slight uptick in annual PCE, the Federal Reserve's (FED) favorite metric.
🤔 What does all this tell us?
📌 The big tech companies are leading the rally.
📌 The market prefers to see positive results and remains optimistic, despite the inflation data.
📌 The FED is closely monitoring PCE data, but a downward trend is still expected to continue.
📉 Remember: inflation does not decrease linearly. The important thing is the trend, and if it holds, interest rates could start to decrease soon.
🧠 How does this affect the crypto world?
📍 A strong SP500 + expectations of rate cuts = favorable environment for #Bitcoin and #altcoins.
📍 Investors are seeking yield, and the crypto ecosystem is back in focus.
🔁 Are we entering a new widespread bullish cycle?
Let me know in the comments 👇