And when “Donalt” speaks, the market tends to listen and for a good reason. More than a year ago, he said that XRP would rise from less than $ 0.70, and was right. The Token made a historical rally of 700%.
Now the merchant is looking at the general panorama, not just a coin, and in his opinion, the entire market will rise. Unless it is, and it is a great one at least, something happens in the economy of the United States.
The moment of your comments is in one of the strangest periods we have recently had. For the first time in more than 10 years, PPI inflation will be known before IPC inflation. The last job report shows how fragile things are at this time.
The payroll growth was expected to be around 75,000, but ended up being less than 22,000. June’s figures were reviewed so much that what seemed like a gain turned out to be a net loss of 13,000.
All this creates a curtain of stagflation, a situation in which prices continue to climb while the economy cools. Then, companies have to deal with higher costs because demand has decreased, which leads to weaker profits, softer orientation and more thin capital assessments.
“Keep it broken”
Investors can react with their usual outbreak of “bad news are good news”, waiting for weak data to unlock an easier policy, but that optimism will be quickly replaced by a more serious vision.
There are some brilliant points, such as Broadcom’s profits, but in other places they don’t look so good. Nvidia has already fallen by almost 10% since the end of August, small caps are fighting and there is not much risk appetite.
Donalt’s message is simple: the market can increase, but only if ee. Uu. Avoid doing something that cannot be fixed quickly.
