USD turned higher yesterday after US CPI data came out above expectations, at 4.5% so FED cuts can be delayed. But despite this “negative” news for stocks, equities were able to stabilize quite well, and even cryptos rallied. So possibly stocks will stay sideways or even bullish, UNLESS they start considering hikes again. ONLY THEN market may turn down much more than we think. But for now, even if cuts are going to be delayed till September, stocks can still do well this year, and each pullback can be corrective. In video below, I talked about SP500, DAX and NVIDIA vs Bitcoin.
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