BREAKING: The S&P 500 officially hits 6,600 for the first time in history, now up +36% since its April 2025 bottom.
This marks one of the best 5-month stock market rallies in US history.
🇺🇸 US inflation data just came in much cooler than expected:
➜ PPI: 2.6% vs 3.3% expected
➜ Core PPI: 2.8% vs 3.5% expected
This is a clear sign that inflation is easing faster than markets thought.
Last time PPI cooled this sharply in late 2020, risk assets went on a massive run, Bitcoin rallied double digits in just a few weeks.
History doesn’t repeat perfectly, but it rhymes.
This is very bullish for $BTC and crypto.
The number of job openings per unemployed worker (a metric that Powell references a lot) just fell below 1.
This means there are now fewer job openings than there are people who are looking for a job.
This will almost certainly lock in the rate cut for September.
$BTC.D 1M chart
Two fat red monthly candles. Clear trend change 📈📉
#BTC has one last higher high left to make and $BTC.D is about to accelerate to the downside 📉
You know what that means for $Alts 😌