Jun 06, 2022
1 mins read
Asia and Europe markets are in the green today, and US Futures already pointing up, so we'll probably have a green day today for crypto, but don't get fooled by sources that only look at crypto, this is what actually will drive the markets this week:
1 | The European Central Bank's meeting on Thursday where we could have a hint about an interest rate hike in July. We still don't know if it would be 25 or 50bps.
2 | The U.S. consumer price report on Friday. This will tell the markets if we can expect a "soft landing" for the US economy (probably meaning a mild recession anyways) or a crash and a strongest recession depending on how strong the Fed tightens its monetary policies.
Is there a chance we don't get a recession? Yes, but are the same that you would have trying to make a successful landing with a plane with a turbine on fire, a broken wing and in the middle of a snow storm.
I'll be making several updates this week, both for Premium subscribers and those who just want free info, so make sure you have your notifications on.