Four variables will decide next week ⚡
Mon — US-Iran sanctions (Bessent). Brent at $91, Hormuz shipping near zero. If oil holds above $94, the inflation headwind on BTC is back.
Thu, Aug 28 — Warsh's first Jackson Hole as Fed Chair. Three tells: 2% target stance, term-premium reaction, rate-cut optionality. Goldman says a Sept hike is "very unlikely" — FedWatch ~28-30%.
Fri — July core PCE (exp. +0.2% MoM). Below consensus = strongest disinflation signal since the correction; above +0.3% revives the hawkish case.
$NVDA earnings — the S&P's gatekeeper. Beat + strong AI guidance = path to 8,000; miss = more tech pressure.
🥇 Gold ($XAU ) broke $4,600 (3rd straight green week, high ~$4,632) — $4,680–$4,700 next if it holds. ₿ $BTC closed +24% weekly — best since March 2023 — at ~$76.9K, riding the same dollar-weakness + sovereign-risk wave as gold.
Four catalysts, one question: does the melt-up extend — or consolidate?
#sp500endsweeklywinstreak #USCanadaTradeTalksCollapseCanadaVowsRetaliation #TRUMPBreaksAbove$3.4HighestSinceMarch21 #USTariffsOnCanadianGoodsTakeEffect #USDollarFallsToThreeMonthLow
Mon — US-Iran sanctions (Bessent). Brent at $91, Hormuz shipping near zero. If oil holds above $94, the inflation headwind on BTC is back.
Thu, Aug 28 — Warsh's first Jackson Hole as Fed Chair. Three tells: 2% target stance, term-premium reaction, rate-cut optionality. Goldman says a Sept hike is "very unlikely" — FedWatch ~28-30%.
Fri — July core PCE (exp. +0.2% MoM). Below consensus = strongest disinflation signal since the correction; above +0.3% revives the hawkish case.
$NVDA earnings — the S&P's gatekeeper. Beat + strong AI guidance = path to 8,000; miss = more tech pressure.
🥇 Gold ($XAU ) broke $4,600 (3rd straight green week, high ~$4,632) — $4,680–$4,700 next if it holds. ₿ $BTC closed +24% weekly — best since March 2023 — at ~$76.9K, riding the same dollar-weakness + sovereign-risk wave as gold.
Four catalysts, one question: does the melt-up extend — or consolidate?
#sp500endsweeklywinstreak #USCanadaTradeTalksCollapseCanadaVowsRetaliation #TRUMPBreaksAbove$3.4HighestSinceMarch21 #USTariffsOnCanadianGoodsTakeEffect #USDollarFallsToThreeMonthLow