Hello guys
a mix of positive and potential negative news is set to come tomorrow
_Market Braces for Impact as CPI Data Looms_
Monday's CPI data release is poised to significantly influence August's market trend. With the previous CPI at 3%, expectations suggest a slight decrease to 2.8-2.9%, giving the Federal Reserve flexibility in its rate cut decision. However, a CPI above 3.5% would reduce rate cut likelihood, while a CPI below 2.5% would make it almost certain.
Warren Buffett's recent sale of Apple stocks and shift towards oil stocks indicates strategic repositioning, not market exit. The US stock market continues to rise, but with caution. As year-end approaches, gold and oil may reach new highs to counter the dollar's appreciation. Despite market strength, the strategy remains cautious, aiming to unsettle retail investors and potentially trigger panic selling. The outlook is optimistic, but the path forward is uncertain.
#btc could climb to further heights $BTC
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