Morning update:
Yesterday’s #PPI was a wake-up call for the bulls as wholesale prices rose by 0,7% in January. The numbers came out hotter than expected and the odds of a 50bps hike at the next #FOMC meeting jumped much higher👀
cnbc.com/2023/02/16/pro…
Yesterday’s #PPI was a wake-up call for the bulls as wholesale prices rose by 0,7% in January. The numbers came out hotter than expected and the odds of a 50bps hike at the next #FOMC meeting jumped much higher👀
cnbc.com/2023/02/16/pro…
Now some analysts are already predicting that the FED funds rate will move above 6% or even 7%. Isn’t this something Diversitas was saying months ago?😉 #Macro
What about crypto? In the morning, everyone was calling for 30k #BTC 🚀 The FOMO in the market was real and we decided to completely exit, got hate for it but guess what, $BTC dumped just a few hours later📉
As long as crypto will continue to follow the stocks, we remain bearish🐻
Not much to add to this as we already presented a lot of supporting evidence on why we expect a big crash to happen📉
Have a great day!
Not much to add to this as we already presented a lot of supporting evidence on why we expect a big crash to happen📉
Have a great day!
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