๐ŸŒž GM... Briefing time!

๐Ÿ“Š Outlook (UTC)
๐ŸŸข 00:00-08:00 โ€“ Green โœ…

US RRP up, sucking liquidity ๐Ÿ’ธ but looks like month-end balancing has started early.

Could this be leading to zero liquidity? No clue ๐Ÿคทโ€โ™‚๏ธ, but maybe it aligns with QT slowing in April, boosting money supply instead of cutting rates.

Based on that, PBoC should inject more than it withdraws.

Remember their ยฅ450B MLF injection promise? Yeahโ€ฆ another trick? ๐Ÿ˜… But Iโ€™m still optimistic!

๐Ÿ”ด 09:00-11:00 โ€“ Red โŒ (Asia markets close)

๐ŸŸข 12:00-15:00 โ€“ Green โœ…

Durable Goods Orders down ๐Ÿ“‰

Think about it: Retail sales down, PMI crashed, consumer confidence shattered, and now tariffs? Tough times for Americans!๐Ÿ’€

Durable Goods Orders down โ†’ DXY drops โ†’ Bitcoin should react!
๐Ÿ”ด 16:00-18:00 โ€“ Red โŒ (Jane Streetโ€™s mischief ๐Ÿ˜ˆ)

๐Ÿ”ด 19:00-00:00 โ€“ Red โŒ

US RRP up ๐Ÿ’ฐ, Kashkari hawkish โ†’ Not looking good.

I could be wrong if RRP drops or Kashkari turns dovish ๐Ÿคทโ€โ™‚๏ธ

๐Ÿ“‰ Market Weirdness

House prices rising ๐Ÿ“ˆ

New home sales up ๐Ÿก๐Ÿ’ฐ

But consumer confidence at a 12-year LOW ๐Ÿคฏ Whatโ€™s going on?

The rich get richer, the poor get poorer.

Whoโ€™s buying houses at sky-high interest rates? ๐Ÿค” Some invisible hands at play! RSI: 63

๐Ÿ’ก House Prices Are a Trap!
Prices arenโ€™t rising because of demand, theyโ€™re rising because of supply flooding the market (highest in 18 years!).

Given good theory confirmed? The more they build, the more expensive it gets!

Why? Because inflation is engineered from real estate! ๐Ÿ—๏ธ๐Ÿ’ฐ

Now that house prices are up, the 100bps rate cut forecast is triggered.

Forget the 2% inflation targetโ€”3% is the new normal. Deflation? Dream on!


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source: @hoteliercrypto