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Showing posts with the label US Dollar

us dollar, VIX spike on stagflation employment data.

Recession on and Stagflation off 2022 trades have returned, as the market tries to gauge the Fed's next move. The likelihood of rates surpassing 5% in the U.S. is more of a reality than not, even if unemployment begins to tick up in 2023.

Consumer Price Index comes in way lower that the 8% expectations. Way too low at 7.7% which is akin to a collapse in inflation, this will evoke the controversy of the CPI to be flawed in accuracy. Market juiced up on the news, short covering and 6% rally via the S&p 500. oil remains bid over $85.

The Crypto markets are about to implode. Binance walks away from the FTX acquisition. Will soon-to-be slew of Crypto insolvencies be bailed out by Central Banks and Government? Bitcoin is close to breaking through the 15000 psychological support.