š„IMPORTANTš„
KEY WEEK: EARNINGS SEASON KICKS OFF AND INFLATION DATA ARRIVES THAT COULD DETERMINE THE FEDāS NEXT RATE HIKE
š With the 10-year Treasury yield at 5.24%, near its 24-year high, and the FED making its decision on October 28, every data point counts.
What should you watch this week?
š Tuesday: third-quarter earnings season kicks off
āŖļø The big banks report first: JPMorgan, Goldman Sachs, Citi, and Wells Fargo. Bank of America, Morgan Stanley, and BlackRock follow on Wednesday.
āŖļø OPECās monthly report also comes out: any sign of increased oil supply would help bring inflation down.
š Wednesday: September CPI inflation
āŖļø Itās expected to rise from 3.4% to 3.7%.
āŖļø The key figure is CORE CPI (which excludes energy and food). Itās expected to come in at 2.5%.
āŖļø A low CORE CPI would confirm that inflation is being driven by oil, not the economy, reducing the chances of another rate hikeāwhich would be positive for financial markets.
š Thursday: PPI inflation and Warsh speaks
āŖļø PPI measures the prices businesses pay: it signals what consumers will pay later.
āŖļø Warsh speaks for the first time since Trump said he shouldnāt have voted for the last rate hike. Any signal about October could move the market.
š Controlled core inflation and solid earnings would be the best outcome for #Bitcoin and financial markets.
Which data point do you think will move the market the most?
$BTC
KEY WEEK: EARNINGS SEASON KICKS OFF AND INFLATION DATA ARRIVES THAT COULD DETERMINE THE FEDāS NEXT RATE HIKE
š With the 10-year Treasury yield at 5.24%, near its 24-year high, and the FED making its decision on October 28, every data point counts.
What should you watch this week?
š Tuesday: third-quarter earnings season kicks off
āŖļø The big banks report first: JPMorgan, Goldman Sachs, Citi, and Wells Fargo. Bank of America, Morgan Stanley, and BlackRock follow on Wednesday.
āŖļø OPECās monthly report also comes out: any sign of increased oil supply would help bring inflation down.
š Wednesday: September CPI inflation
āŖļø Itās expected to rise from 3.4% to 3.7%.
āŖļø The key figure is CORE CPI (which excludes energy and food). Itās expected to come in at 2.5%.
āŖļø A low CORE CPI would confirm that inflation is being driven by oil, not the economy, reducing the chances of another rate hikeāwhich would be positive for financial markets.
š Thursday: PPI inflation and Warsh speaks
āŖļø PPI measures the prices businesses pay: it signals what consumers will pay later.
āŖļø Warsh speaks for the first time since Trump said he shouldnāt have voted for the last rate hike. Any signal about October could move the market.
š Controlled core inflation and solid earnings would be the best outcome for #Bitcoin and financial markets.
Which data point do you think will move the market the most?
$BTC