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Will the US stock market and BTC change tonight? The highlight is coming! At 9:30 tonight, the US CPI data will be released. Citigroup said that the S&P will take a nose dive of 1%, which is even bigger than next month's non-farm data, and similar to the end of the month when the Fed meets.
Recently, the market has been quite tough. US bond yields are rising, and employment data is particularly strong, which has made Wall Street people panic. The VIX panic index has surged to 20.
JPMorgan Chase gives three predictions: if CPI rises by more than 0.3%, the S&P could fall by 2%; if it rises slowly, below 0.1%, it could rise by 2.5%; but the most likely scenario is a rise of about 0.2%, and the S&P will rise slightly.
The key is that there will be a bombardment of financial reports from major banks on Wednesday, making the U.S. stock market quite lively this week. As for tonight's CPI drama, we'll see whether inflation has really declined or if the doves will be put to shame. In any case, whether interest rates can be lowered this year will be revealed tonight. #打榜优质内容