Tonight's CPI data is slightly higher than expected. Although it will not affect the current market's expectations for the economy, the short-term increase in initial unemployment claims will also have a certain negative impact on the risk market.
If this inflation data is taken alone, it will basically have little impact on the market. However, due to the impact of the hurricane, the increase in initial unemployment claims in the short term, although the reason for the increase in unemployment benefits is given, the market is still frustrated and falling in the short term.
The US stock market opened low and is gradually recovering its losses and rebounding.
At the same time, international gold and crude oil began to rise, which was carried out at the same time as the decline of the US stock market. It is not difficult to imagine the back and forth of liquidity, and the yield of the US 10-year long bond remained at 4.089%, which was slightly higher than yesterday.
The US stock market, especially the S&P, is likely to rebound in the second half, but it is difficult to say whether BTC can follow.
The only important economic data this week is the large fluctuations brought to the BTC market. Today, some friends also complained that the intraday fluctuations maintained an amplitude of 300-600 points, which is almost catching up with the amplitude at the bottom of the bear market last year.
If the S&P stops falling and rises in the early morning, and BTC still cannot rebound, then the bullish power will basically be a bit useless in the short term.
At present, the BTC market, I personally think that if it continues to fluctuate like this, it will be a deadly market. It needs some negative news from the market to fall completely in order to effectively activate the market, which can also be regarded as a clearing.
Otherwise, this kind of volatile and falling market will really wear out the patience of many people. Of course, this kind of market can also see whether the performance of the cottage will explode this weekend.
