@bluechipik
What's happening in the market?
Expected gains on the back of excellent macro data. The market is now expecting 3 rate cuts after inflation and labor market data showed a cooling economy.
The first 0.25% cut is still expected in September, with the next cuts in November and December. The market is now ready to frontrun this event until the next Fed meeting. Everything I wrote about on Friday, screen attached.
Nasdaq and sp futures hit bottom + weekend, and the crypto market immediately showed a reaction. Looking forward now for a green week and a recovery of the entire alt market.
Despite the fact that we didn't show a rise immediately after the data, but instead a fall. I was 95% sure that the market will start to grow with the weekend or in the medium term.
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