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ow Inflation data out today and stocks & crypto are selling off!?! The inflation data came out 0.1% lower than expected- which typically boosts stocks/crypto. But apparently the market was hoping for even lower inflation data. The market was praying for 0.5% interest rate cut on September 18- but with this data it’s now all but a foregone conclusion it will just be 0.25%. Additionally, the focus is shifting- EMPLOYMENT & ELECTION. Employment data is undoubtedly weakening- bringing the ‘soft landing’ into question (stocks are currently priced like we will see a soft landing- what if we don’t?). Election- as much as elections don’t matter over the long term, they do create jitters in the short term. Kamala’s win at the debate last night has the market on edge. INVESTORS, Keep your eyes open out there- lots of cross currents to be aware of. #finance #economics #economy #rates #interestrates #crypto #recession #unemployment #jobs #stocks #stockmarket #lifegoalnation #lifegoalinvestments
Duration: 74 sPosted : Wed, 11 Sep 2024 16:31:53Views
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