Update, as the experts predicted, the CPI for May is 4.2%. The core CPI for May is 0.2%. Nothing unexpected, right? #CPIwatch
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Vinhtocdo
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#cpiwatch
Bank of America just threw a bucket of ice water (but heated with hot oil) in the faces of us traders: CPI forecast for May is skyrocketing to 4.2% — the highest peak in three years! 📈
The culprit is none other than ENERGY PRICES. The Strait of Hormuz is closed, crude oil keeps steadily exceeding $90/barrel, causing our gas costs to soar. Now:
- Motorbikes: Gas guzzlers 🛵
- Cars: Crying hard 🚗
- Crypto Portfolio: Gasping for oxygen 📉
But hold up, don’t rush to close the app and hit the hay! Check out the Core CPI (Core inflation - which excludes food and energy costs). BofA predicts it will only rise by 0.2%, significantly down from last month.
To break it down for you:
- Headline CPI (4.2%): This is the amount you see on your monthly electricity and gas bills. Wallet on fire! 😭
- Core CPI (0.2%): This is the actual cash left for... stacking more DCA at the bottom. There’s still hope! 😎
What scenario awaits our BTC ancestor this Wednesday? 🤔
- Scenario "Peaceful Serenity": Overall CPI is hot but Core CPI is chilled at 0.2%. The Fed sees this and says: "Oh, it's just oil messing things up, the economy is still solid." On June 17, the Fed doesn’t hike rates ➡️ BTC ancestor bounces back, the credibility green candle stands tall! 🚀
- Scenario "Busy House": Both CPIs are hot. Whales panic, ETFs dump ➡️ Get ready to turn off the candles, delete the app, switch to hunting airdrops, or... temporarily drive Grab to earn money for gas. 🛵
The market is already bracing for a "storm". Now we just wait to see if this Wednesday brings the "boost" that takes us to the moon or a "faceplant" that takes us underground!
Which side are you on? Comment below to join in a prayer circle for that Core CPI to hit 0.2%! 👇
#BTC #ETF
Bank of America just threw a bucket of ice water (but heated with hot oil) in the faces of us traders: CPI forecast for May is skyrocketing to 4.2% — the highest peak in three years! 📈
The culprit is none other than ENERGY PRICES. The Strait of Hormuz is closed, crude oil keeps steadily exceeding $90/barrel, causing our gas costs to soar. Now:
- Motorbikes: Gas guzzlers 🛵
- Cars: Crying hard 🚗
- Crypto Portfolio: Gasping for oxygen 📉
But hold up, don’t rush to close the app and hit the hay! Check out the Core CPI (Core inflation - which excludes food and energy costs). BofA predicts it will only rise by 0.2%, significantly down from last month.
To break it down for you:
- Headline CPI (4.2%): This is the amount you see on your monthly electricity and gas bills. Wallet on fire! 😭
- Core CPI (0.2%): This is the actual cash left for... stacking more DCA at the bottom. There’s still hope! 😎
What scenario awaits our BTC ancestor this Wednesday? 🤔
- Scenario "Peaceful Serenity": Overall CPI is hot but Core CPI is chilled at 0.2%. The Fed sees this and says: "Oh, it's just oil messing things up, the economy is still solid." On June 17, the Fed doesn’t hike rates ➡️ BTC ancestor bounces back, the credibility green candle stands tall! 🚀
- Scenario "Busy House": Both CPIs are hot. Whales panic, ETFs dump ➡️ Get ready to turn off the candles, delete the app, switch to hunting airdrops, or... temporarily drive Grab to earn money for gas. 🛵
The market is already bracing for a "storm". Now we just wait to see if this Wednesday brings the "boost" that takes us to the moon or a "faceplant" that takes us underground!
Which side are you on? Comment below to join in a prayer circle for that Core CPI to hit 0.2%! 👇
#BTC #ETF
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