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The release of US inflation data sparked a surge in risk asset purchases, with cryptocurrencies leading the charge. This follows a period of prolonged consolidation, which provided enough pent-up energy to fuel increased volatility. chart Over the past 24 hours, the crypto market has added 5.3% to $2.39 trillion – its highest in ten days. But much more ...
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The Misery Index — the combination of Inflation and unemployment — failed as a bearish criticism of the economy. Unemployment remains at 60-year lows, and Inflation has plummeted from 9% down to the 3s. If you have a bearish mindset, and seek confirmation of that perspective, then the next economic critique after the Misery Index you try on for size is ...