Mixed and volatile data from US labour market and consumer expenditures and confidence make the call on when rates will be cut quite challenging, but the sentiment continues to be that those rates cuts will happen before end of the year, with one rate cut very probable and two cuts less probable now than before, but still more possible than not.
The important question is: did the market price that already and the bull is just slowing down before stopping on the news and transform to a bear?
I still see growth potential and bullish push until Sept at least, but then a sudden change as soon as rates are cut, with many taking profits and move into more conservative grounds, and the more confident with more risk appetite still keep on investing in speculative, short term, case-by-case situations (e.g. disclosure of financial performances, etc.).
Bitcoin and Bitcoin ETFs is something to watch for, as they may play a role in the market transition.
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