Unemployment claims are lower than expected (down)
GDP is only 1.1% (the dollar will rise slightly)
Personal expenditures are fronted by 1%, soaring to 3.7% (bad)
Core PCE increased from 4.4% to 4.9% (bearish)
Analysis:
The U.S. economy is worse than expected and has clearly entered a recession. However, inflation and personal consumption are set to soar, proving that QT isn't enough. After this data, big possibility for FED to raise more interest rate. The stock market and crypto will at least dump for another 10% or more.
Personal market analysis, for reference only
GDP is only 1.1% (the dollar will rise slightly)
Personal expenditures are fronted by 1%, soaring to 3.7% (bad)
Core PCE increased from 4.4% to 4.9% (bearish)
Analysis:
The U.S. economy is worse than expected and has clearly entered a recession. However, inflation and personal consumption are set to soar, proving that QT isn't enough. After this data, big possibility for FED to raise more interest rate. The stock market and crypto will at least dump for another 10% or more.
Personal market analysis, for reference only
Trade closed: stop reached
SL reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.