🚨LAST🚨
🩸The DOLLAR, #Bitcoin, and the SP500 FALL in response to the RECESSIVE employment report in the U.S. and now a BAD PMI data and consumer expectations
⚠️The VIX, on the other hand, SOARS UPWARDS, and 3 RATE CUTS are expected for this year
👉We had a WAVE of VERY BAD ECONOMIC data in the U.S. that raises concerns about recession and should lead us to RATE CUTS:
🔻The manufacturing ISM PMI came in at 48 while 49.5 was expected
🔻The employment index of the manufacturing ISM PMI came in at 43 while 46.8 was expected
🔻The Michigan consumer expectations came in at 57.7 while 58.9 was expected
🔻Regarding the employment report, it was the WORST revision of new job creation in 5 YEARS
🔻If this data had appeared BEFORE the FED's decision, we would have had a RATE CUT
What are the chances of a rate cut⁉️
▫️Yesterday, the possibility of a cut in September was 37.7%, a cut was not expected.
▫️Now, after this bad employment data, the chances of a cut have shot up to 81.8%
▫️In fact, three cuts are now expected for this year
▫️One in September, another in October, and another in December
Do you think this is a BUYING OPPORTUNITY⁉️