🚨 Breaking: The U.S. economy beat expectations across the board. And that’s the worst news for your investment portfolio.
Q3 GDP: 3.4% vs. 3.2% expected. Previous: 2.2%
Jobless claims: 194K vs. 199K expected. Previous: 194K
Personal consumption expenditures (PCE) inflation: 3.6%, as expected. Previous: 3.4%
Strong growth. Almost no layoffs. Inflation is rising, not falling. The Fed has no reason to pause, and the odds of a rate hike in December are priced in at around 80%.
In this market, good economic news is bad news for stocks and crypto. PCE matching expectations is no reason to breathe a sigh of relief; it’s up 0.2 points from last month.
Rate-cut hopes are over. Stay alert.
I’ve spent 12 years in these markets. This is what I do.
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Please follow
#FedWatch
#EarningsSeason
#Nasdaq100FuturesFall0.9%
$BTC
Q3 GDP: 3.4% vs. 3.2% expected. Previous: 2.2%
Jobless claims: 194K vs. 199K expected. Previous: 194K
Personal consumption expenditures (PCE) inflation: 3.6%, as expected. Previous: 3.4%
Strong growth. Almost no layoffs. Inflation is rising, not falling. The Fed has no reason to pause, and the odds of a rate hike in December are priced in at around 80%.
In this market, good economic news is bad news for stocks and crypto. PCE matching expectations is no reason to breathe a sigh of relief; it’s up 0.2 points from last month.
Rate-cut hopes are over. Stay alert.
I’ve spent 12 years in these markets. This is what I do.
Follow me and turn on notifications.
Please follow
#FedWatch
#EarningsSeason
#Nasdaq100FuturesFall0.9%
$BTC