Tag: Crypto surges

MARKET REPORT

Review:

MARKET REPORT

MARKET REPORT

Review:
– Egypt threatening to void Israel peace agreement with the latter threatening to invade Rafah (likely a hollow threat as Egypt receives billions in US aid which would be jeopardized. Egypt fears a mass ‘Palestinian’ migrant crisis)
– Indonesian, Finnish and South African Elections up for grabs
– US stocks hit record highs (before coming off)
– BTC hits 50k (1^st time since Dec 21). Have you been reading my recommends?
– Goldman warns of Tech stock bubble
– NY Fed’s 3yr consumer inflation expectations ease
– Dovish ECB’s Panetta

MARKET REPORT

Review:
– NY FED SCE (DEC) one-year inflation expectation is at 3% (prev. 3.4% in Nov) which is the lowest since January 2021
– United Airlines (UAL) found loose bolts on plug doors during the 737 MAX 9 inspections and discrepant bolts and other parts on the Plug Doors have been found on at least five United Airlines aircraft
– Fed’s Bostic (2024 voter) said “inflation has come down more than expected” + “the rise in unemployment has been ‘far less’ than what would typically be the case given the reduction in inflation.”

MARKET REPORT

Review:
– Dollar smoked
– The Summary of Economic Projections showed that the FOMC expects the Fed Funds rate to be 4.75% vs 5.25% previously projected
– Dollar down vs EVERYTHING. AUD +1.65%, Euro -0.75%, Pound +0.4% (underperformer, hint, it’s a buy), Yen SMOKED -2.3%! (Yesterday you got long and were wrong. 140 on the cards)
– Gold SURGES. Above the crucial 2040 level. Expect more.
– Silver up over 4% Rejection of lows, now in a huge bull market. Buy it. Now.
– Equities (unsurprisingly) love the news. +1.5% across the board.
– Crypto Rallies HARD
– Crude rallies but still deep in a bear market.