Wow, we woke up to Bitcoin at $23,000 and Ethereun below $1,600. Also, yesterday was a day of losses in the stock markets. Is it the end of the rally in the bear market? We may have the answer today, starting at 8:30 a.m. in NY we will have the consumer price indices. The market is waiting for this news to make its next move because the FED's next action at the September meeting will depend on these data.
Personally, I believe that data similar to what was expected (0.7%) could be given, something that would be news that the market would accept neutrally. We must be vigilant because if there are numbers above 0.7%, the markets will correct downwards. Some analysts expect a figure of 0.5% which would be good news for everyone.
We can expect anything since the forecasts are not very accurate by economists. A growth of 250,000 non-agricultural jobs was expected and 500,000 jobs were created, a difference that shows that they are not very successful.
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