The markets are expected to be very volatile over the next four to five days due to a lot of big events and news, including the release of several economic indicators such as core CPI, CBI, PPI, and U.S retail sales. The ethereum Shanghai upgrade is also expected to shake up the crypto industry on Wednesday, although it’s unclear what will happen to ethereum’s price. Meanwhile, U.S banks are facing liquidity issues, with loans and leases falling by $45.1bn, deposits decreasing for 10 consecutive weeks, and the Fed reducing its balance sheet for the second week in a row.
Get Ready for Volatility in the Market
In this YouTube video, Sam talks about the upcoming economic week and how it will affect the market. He cautions viewers to be ready for a potential wild ride and subscribe to his channel to stay updated. He also talks about the recent news that liquidity is drying up, and banks are tightening up loan requirements, causing a decrease in deposits, which could lead to decreased growth in the US economy.
Big Economic Week Ahead
With a lot of important economic data being released this week, Sam urges investors to wait and see what happens before making any significant investments. Core CPI, CPI, PPI, initial jobless claims, and U.S retail sales are all coming in this week. Sam notes that good news has been good news and bad news has been bad news recently, and hopes the CPI will come in lower this month than last.
Ethereum Shanghai Upgrade and Fed Minutes
Sam says that the Ethereum Shanghai upgrade is coming on the same day as the Fed minutes and the CPI, which could shake up the crypto industry. However, he urges caution, indicating that he isn’t making any big plays ahead of the event. He believes that Bitcoin dominance will likely increase at some point but opines that Ethereum’s price may not necessarily skyrocket due to the upgrade. Furthermore, he notes that U.S Banks, especially as their deposits are decreasing and loans and leases are reducing, are making the Fed’s job harder.
Sam provides a good overview of the market and how it’s likely to behave this week, given the important economic data being released. To stay up-to-date, Sam recommends subscribing to his channel, joining Patreon, or checking out the most influential article he has ever read.