Digital Investment Educator and Entertainer
Co-Host of @degenroundtable and @WalkTheBlockNDF Podcasts
Veteran, Engineer, and Niche Internet Micro-Celebrity
🚨 BREAKING:
🇯🇵 BANK OF JAPAN JUST OFFICIALLY CONFIRMED A 1.00% INTEREST RATE HIKE IN JUNE
MARKETS PRICING IN A 90% CHANCE, FOR THE FIRST TIME IN 31 YEARS
LAST TIME THEY HIKED INTEREST RATES, STOCKS AND $BTC DUMPED 15% IN JUST A FEW WEEKS
IF THIS HAPPENS, MARKETS WILL COLLAPSE...
BREAKING:🇺🇸 US ISM Manufacturing PMI came in at 52.4, while the expectation was 51.8
The ISM Manufacturing is above 50, which means the US economy is now in the expansion phase.
CPI Data is strong again:
Overall YoY: +2.4%
Core YoY: +2.5%,
Both lower than last month.
Job market report also came in incredibly strong a couole days ago, but I take those numbers with a grain of salt. They haven't been accurate in a long time.
Cpi data continues to show inflation is lower. Some people think we could be moving towards a deflationary set up.
This could increase the chances of a FED cut... but more likely the jobs data (bogus?) will keep rates steady.
Fed Watch still has 90% chance of a hold, but we have a few weeks for that to change.
Pretty clear that Powell has been wrong about a lot in the last couple of years, including the impact of tariffs on inflation.
He's been good when things are the status quo, but fails miserably at pivoting. Waits too long to raise and too long to cut.
Overall, economic data looks very strong. This means crypto could see a bounce, or a lower/shorter bear market.
🇺🇸🏛️ CRYPTO AND BANKS MEET TUESADAY OVER STABLECOIN RULES
The White House is hosting a second meeting with banks and crypto groups on Tuesday, Feb. 10, to discuss stablecoin rules.
Officials will try again to reach a compromise on whether crypto firms can offer interest on stablecoins.
Big banks like Bank of America, JPMorgan, and Wells Fargo are invited, alongside crypto trade reps from Coinbase, Ripple, Circle, etc.
The goal is to break the stalemate and help the Clarity Act move forward.
MASSIVE: US ISM manufacturing just printed 52.6, highest in the last 40 months.
This is a First major bullish sign for Altcoins in 3.5 years.
Altseason starts once ISM breaks 55.