Sirwin
Sirwin

CPI today decides the next market move


 

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.

 

Do not forget to follow all my advice if you want to lose your family because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

 

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The Crazy Dude
The Crazy Dude Verified Member

I am interested in this new era we are coming into. I will post all the things I´ll found. @The_passenger80 follow me on Twitter


Cryptoworld by The Crazy Dude
Cryptoworld by The Crazy Dude

Initial nonfinancial advice for people who start their journey in this field, conspiracy news, and personal thoughts. Do not forget to follow all my advice if you want to lose your family because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

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