Buranku

Buranku

2023 has already been the biggest year for bank failures by assets in US history, and the year is not over. A recession hasn’t even started yet. The rest of the year = the beginning of next year could be pretty bearish for the markets The labor market is still tight, but hiring is cooling quickly and job losses are going up. The yield curve has been flashing...

Buranku

Yesterday: JOLTs job opening its labor market data is lower which is deflationary, which means FED can’t increase interest rates but for this one for today we should be expecting 25 basic points. Today there is FED and FOMC, be careful with the market since it tends to behave weird and consolidate before data. Also non manufacturings are coming so pay attention...

Buranku

We have mixed data coming in still, which is is unfortunate and its making the market unstable and harder, this was presented with the sideway market. From yesterday May 1: Better than expected Manufacturing PMI data increasing demand for USD and optimism despite the banking fears, backing further rate hikes for FOMC this week. Im waiting for the interest rate...

Buranku

Today is PCE, if data comes out lower gold should go up and if it comes higher should go down cause its inflationary. Also we are entering stagflation so be careful with gold. Thats all for the week and have a nice weekend

Buranku

Today is GDP that means consumer spending; which is the primary driver for GDP for the US economy by 68% being consumption of the population. A low amount its deflationary which should raise the value of gold but a higher number its inflationary which should drop gold. On the picture of my chart is my expectation but all in all should be moved due to data....

Buranku

Stock market fell today due to the high inflation and we did the sells today