This is important I hope folks are paying attention. US GDP just came in at 1.3%, weaker than expected and that is a low number. I thought recession would be here by now but it has been delayed. HOW did the US manage to delay recession?! They used this magic trick called “let’s borrow money to pump the economy”. I thought last 2 years of high rates and QT would get economy into recession, but no, US Treasury decide to borrow like $600Bn of debt, in order to generate only $300Bn of extra GDP…. In other words, it’s borrowing to make the economy grow, and getting only 50c on the dollar. Yeah, it has DELAYED the recession making US economy look like SOFT landing, but as I keep saying it’s like that Pixar Cars movie: “ short term gain but long term loss.” So US economy is noticeably slowing down, and we can see it in this Unemployment chart below as well, whenever Unemployment number turn up like this, we could be looking at a recession, as it happened in 1989, 2000, 2007 and 2020. But however, even with all this, the Fed is still saying they will not cut rates, and might hike more. Last week I explained that the Fed’s number 2 man is Williams, he is the head of NY Fed and he is the one who actually buys and sells the bonds and sets the interest rates and yields in the market. Even after this weak GDP number, he is still saying Fed will hold on rates…. If you’ve been following then you know that this is what I predicted, that the Fed is gonna try to keep rates high as long as they can in order to crash China’s Yuan. And in doing so, it risks crashing the US economy if it holds on for too long like this.#StocksDown

🚨 Market Meltdown: Diverse Downturn Across Stocks, Commodities, and Crypto 📉💥

In a whirlwind of market movements, investors find themselves navigating a complex terrain of declines across various asset classes. Here’s the latest on the current situation:

1. Tech Tension: 📉🖥️ Stocks tumble as investors brace for an uncertain tech earnings report card.
2. Oil on the Edge: 🛢️📉 Oil prices slide amidst heightened fears that rising interest rates could dampen economic growth.
3. Gloomy Gold: 🥇⬇️ A strengthening dollar casts a shadow over gold prices, driving them lower as the safe-haven allure fades.
4. Natural Gas Nosedive: 🌬️📉 Weak demand in the US pulls natural gas prices down, adding to the energy sector’s woes.
5. Bonds Buckle: 📉🏦 With the May Federal Reserve meeting looming, bond prices dip in anticipation of what’s to come.
6. Crypto Crunch: 💰📉 As the appetite for market risk wanes, cryptocurrencies follow the broader downward trend.

Why It Matters:
This synchronized slump across diverse markets signals a cautious or bearish sentiment among global investors, driven by a complex blend of economic indicators and geopolitical tensions.

#MarketUpdate #StocksDown #CryptoCrash #EconomicInsight

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*Stay tuned and stay informed as we continue to monitor these unfolding market dynamics.*