🔥LAST🔥
💥The ECONOMIC DATA for this week is starting to arrive. #Bitcoin and the SP500 are reacting UPWARD
👉The CONSUMER CONFIDENCE came in MUCH HIGHER than expected, surpassing experts' predictions by 2 digits.
What does this mean⁉️
▪️Consumer confidence rose from 87.1 to 98 while a DROP to 85.7 was expected.
▪️This data measures how households feel about the economy, employment, and their finances.
▪️A high figure implies that people are more willing to spend, which typically boosts consumption and, consequently, economic growth.
Why does it matter⁉️
🔸It may indicate that the economy is stronger than previously thought, which reduces fears of recession.
🔸Markets interpret it as a positive signal:
🔸The SP500 rises on expectations of higher corporate earnings
🔸As for Bitcoin, it rises because a confident consumer may imply more liquidity and risk appetite, favoring assets like BTC.
📍Additionally, this data had been FALLING month after month since NOVEMBER 2024, today marked the first INCREASE in 7 MONTHS
📍This data, which comes despite the TARIFFS, FAVORS financial markets and BREAKS its DOWNWARD trend
