The key event the market is looking at this week is the release of US inflation data on August 14.
The forecast is 3%, the previous reading was 3%.
Scenarios
1. Data as forecast - moderately positive/neutral, continuation of current market dynamics
2. Data worse than forecast - negative, stock market down 2-4%, crypto market down 10%.
3. Data better than forecast - positive for the market, stock market growth +2-4%, crypto market 5-7%.
Taking into account the fact that from the data on inflation in annualized terms, the previous month of last year is removed, and last year inflation in this period added, the chances that we will get the 2nd or 3rd scenario are quite high.
Stay tuned.
