๐ GM... Briefing time!
๐ Outlook (UTC)
๐ข 00:00-08:00 โ Green โ
US RRP up, sucking liquidity ๐ธ but looks like month-end balancing has started early.
Could this be leading to zero liquidity? No clue ๐คทโโ๏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? Yeahโฆ another trick? ๐ But Iโm still optimistic!
๐ด 09:00-11:00 โ Red โ (Asia markets close)
๐ข 12:00-15:00 โ Green โ
Durable Goods Orders down ๐
Think about it: Retail sales down, PMI crashed, consumer confidence shattered, and now tariffs? Tough times for Americans!๐
Durable Goods Orders down โ DXY drops โ Bitcoin should react!
๐ด 16:00-18:00 โ Red โ (Jane Streetโs mischief ๐)
๐ด 19:00-00:00 โ Red โ
US RRP up ๐ฐ, Kashkari hawkish โ Not looking good.
I could be wrong if RRP drops or Kashkari turns dovish ๐คทโโ๏ธ
๐ Market Weirdness
House prices rising ๐
New home sales up ๐ก๐ฐ
But consumer confidence at a 12-year LOW ๐คฏ Whatโs going on?
The rich get richer, the poor get poorer.
Whoโs buying houses at sky-high interest rates? ๐ค Some invisible hands at play! RSI: 63
๐ก House Prices Are a Trap!
Prices arenโt rising because of demand, theyโre 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! ๐๏ธ๐ฐ
Now that house prices are up, the 100bps rate cut forecast is triggered.
Forget the 2% inflation targetโ3% is the new normal. Deflation? Dream on!
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source: @hoteliercrypto