Everything is complicated in US stocks 😐
The stock market has already come to terms with the idea of the Fed starting to cut rates in the second half of the year, and the dollar index is showing weakness, which has always been a good signal for risky assets.
But indicators of consumer prices and semiconductors are signaling a bubble in the S&P 500. This does not mean that we will go to the bottom tomorrow, because the bubble bursts only after the appearance of a catalyst event and can greatly increase in size before that. However, there is a problem and the slightest unforeseen negative event can greatly hurt stock buyers.
For you and me, this first of all means that BTC and altcoins are also under threat, just remember March 2020 😡