$Coinbase Global, Inc.(COIN)$ $MicroStrategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ $Riot Blockchain, Inc.(RIOT)$ $CleanSpark, Inc.(CLSK)$
Trade carefully on these crypto stocks today ya.
Don't happily buy in and get caught when a sudden sell off happens and you wonder why.
I'd wait on the sidelines or trade options for now.
Expect them to fall later and tomorrow as consumers await 😶🌫️ MARCH JOBS DATA 😶🌫️
🤯 NOTE how last Friday's inflation data was in line with analysts estimates BUT caused Wall Street 3 days of pain this week. 🤯
📣📢 IF TML'S JOBS DATA IS STRONG...
FED MAY BE INCLINED TO PUSH BACK RATE CUTS. 🤯🤯🤯
❤️🧡💛💚💙🩵💜🩷
Pasting you guys an excerpt in case you guys missed out on the above news:
'LATER THIS YEAR'
Powell's prepared remarks and answers to questions at the event in Stanford, California, broke no new policy ground.
As he did at his press conference at the end of the Fed's last policy meeting on March 20, Powell maintained the baseline outlook that rates will fall "later this year," and said that recent data did not "materially change the overall picture which continues to be one of solid growth, a strong but rebalancing labor market, and inflation moving down toward 2% on a sometimes bumpy path."
But neither has he hinted at when the Fed might loosen its grip on credit, ✨️with upcoming jobs data✨️, including the ✨️March nonfarm payrolls report on Friday✨️, and ✨️incoming inflation readings next week✨️ important in shaping the outlook for the central bank's April 30-May 1 and June 11-12 policy meetings.
"Given the strength of the economy and progress on inflation so far, we have time to let the incoming data guide our decisions on policy," Powell said, with decisions made "meeting by meeting.
Inflation, based on the Fed's preferred measure, remains half a percentage point or more above the central bank's 2% target, and recent progress has been minminal.
"January and February showed a bit of firming in the inflation data," Kugler said. But she also said recent inflation numbers "featured some atypical or seasonal factors that suggest a need to withhold judgment" before deciding that last year's rapid progress back to the Fed's 2% target had indeed slowed.
Rather, Kugler said, she felt there was "still a bit of room" for supply improvements to slow the pace of price increases, "especially in the services sector, where solid labor supply growth will continue to ease wage and inflation pressures."
TRADE SAFELY YA. IT CAN GET VOLATILE!!
SNP WILL START HEADING DOWN TOWARDS THE END OF THE TRADING DAY. BRINGING OTHER STOCKS DOWN SOON.
Modify on 2024-04-05 11:01
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- chimey·04-07TOPLooks like it could get a bit volatile, so we'll have to trade carefully.1Report
- koolgal·04-05Thanks for sharing your valuable insights 😍😍😍Have a wonderful weekend 🌈🌈🌈🏝️🏝️🏝️1Report
- Tom Chow·04-08going1Report
- Tom Chow·04-08good1Report