Crypto Is Down: Stay Calm & Wait For The US CPI
Even though the market is dropping, the data looks good!
Dear 10x Clubbers!
A quick update on the market from my side. The FUD in crypto is reaching peak levels with another drop to the downside. Did I buy too early? No. I honestly think we did very well and we still have some USD on the side that will be deployed as soon as the market drops substantially lower.
German PPI Makes A Record Drop
The good news is that inflation seems to be cooling heavily in the Eurozone with the German PPI dropping -4.2% which is an all time record. This means the Federal Reserve could slow down its hikes and get inflation under control. This would mean the US stock market (and also crypto) could be in for a recovery next year. Beyond that, market data in stocks, crypto and forex point to a recovery ahead.
How? (I answer this in the paid section of the newsletter) Yes it sucks to pay, I know - not even going to lie but I give my paid subscribers an unfair market advantage - or else everyone has access to the same information and it won’t be an advantage - that’s the deal. I will keep updating you as a free subscriber though and I can tell you this: it's all about inflation. If US CPI keeps coming down, its good for the market and vice versa. Don’t get too distracted by the FUD. In a few years it will be gone and forgotten.