Fridays crypto price movement is strange.

The unemployment and Pce numbers support an interest rate cut.

Personal incoming was a little higher but spending was down.

On Thursday the market rallied slightly then Pce comes out as expected(and hoped for) and Crypto and the S&P 500 sells off and erases all of Thursdays gains, I’m confused by this.

All these readings, including pending home sales show the economy is slowing and support a September cut and possibly 1 more this year.

Nothing major happened, it’s just weird how the markets sold off based on a 0.1% PCE reading after gaining on Thursday, the moves don’t align.

Also the CME fedwatch tool which tracks the odds of an interest rate cut went up after Thursday(For September)

Good readings for cuts on Thursday 📈

Good readings for cuts Friday and markets📉

Obviously there is a lot going on in France,the EU and Great Britain which all cause uncertainty, I just worry when you start getting false positives like we saw on Thursday and Friday, also there was a fast sell off after the PCE reading.

It looked manipulated.

I still see recession possibilities in the future and worry about data being manipulated this close to a US election.

Doing further research so I can hopefully understand further and share.

As shown in the image attached we are still above the overall market cap daily range low, so no need to panic.

Peace

#CPIAlert #US_Inflation_Easing_Alert #altcoins #BinanceTournament