Stock markets notched solid gains last week while crypto markets lost a bit of ground and cooled slightly.
The weaker-than-expected readings on CPI and inflation expectations keep markets buoyed, while the Trump administration’s Middle East deals were a boon for the AI sector.
Additionally, US Treasury yields are surging again. “Trade deals, recession worries, lower inflation, and slowing GDP all can’t get lower yields,” said the Kobeissi Letter, which added, “Meanwhile, Fed Chair Powell remains adamant on not cutting rates.”
Moody’s downgrade of the US credit rating on Friday was also good news for store-of-value assets such as Bitcoin and gold.
Economic Events May 19 to 23
There may be some market reaction to the Moody’s downgrade on Monday, which could set the stage for further volatility this week.
May’s S&P Global Manufacturing and Services PMI (purchasing manager’s index) preliminary readings are due on Thursday. These leading economic indicators gauge ac
We współpracy z: https://cryptopotato.com/3-things-that-could-impact-crypto-markets-in-week-ahead/
