August PPI came in with a mixed signal 👀
Headline PPI jumped to 5.4% YoY, while core PPI came in cooler at 0.2% MoM.
So, inflation concerns are still around, but the softer core number gives the market a little room to breathe.
For me, $BTC and the S&P 500 are looking cautiously bullish right now.
Gold could remain choppy as traders adjust their expectations around interest rates.
I’m not rushing into anything yet. I’d rather watch how price reacts and see where the momentum goes next.
Data like this can quickly move multiple markets, so I’ll be keeping an eye on crypto, stocks, and gold.
For now, patience is the move. I’ll be watching the setup on BingX.
#PPI #BingX $BTC $SPX
Headline PPI jumped to 5.4% YoY, while core PPI came in cooler at 0.2% MoM.
So, inflation concerns are still around, but the softer core number gives the market a little room to breathe.
For me, $BTC and the S&P 500 are looking cautiously bullish right now.
Gold could remain choppy as traders adjust their expectations around interest rates.
I’m not rushing into anything yet. I’d rather watch how price reacts and see where the momentum goes next.
Data like this can quickly move multiple markets, so I’ll be keeping an eye on crypto, stocks, and gold.
For now, patience is the move. I’ll be watching the setup on BingX.
#PPI #BingX $BTC $SPX
