Daily Signal July 13: HOLD for inflation week
Tomorrow brings the Consumer Price Index, the main US inflation gauge and the number that moves risk assets most. With oil climbing into the print, the engine holds any extra buy until the data clears.
Tomorrow brings the Consumer Price Index, the main US inflation gauge and the number that moves risk assets most. With oil climbing into the print, the engine holds any extra buy until the data clears.
Crypto Fear & Greed slipped from 73 to 69, out of the greed band. Bitcoin eased 1.1% to $78,384 with 5-day ETF flows still positive +$987M. All eyes on Thursday's August PPI at 8:30 AM ET.
Markets consolidate ahead of the upcoming PPI release in five days. Bitcoin held steady near $79,734, backed by $987M in 5-day ETF inflows.
US Services PMI data reported today, and August accelerated to 55.4% on the back of strong business activity, cleanly offsetting a slight moderation in manufacturing to 54.6%. Both sectors holding comfortably in expansion territory.
Equities rebounded and Bitcoin held steady at $77,408. BTC ETF flows are cooling down +$804M to +$253M, a 69% decrease in five-day inflows. Corporate credit spreads remain near cycle lows at 2.65%, providing steady macro support while the system pauses ahead of tomorrow's key economic print.