Matej Kranjc
Hello everyone and welcome to the new copiers. Update on curent market conditions. π™ˆπ˜Όπ™π™†π™€π™ π˜Ύπ™Šπ™‰π˜Ώπ™„π™π™„π™Šπ™‰π™Ž Inflation right now seems to not be ticking very fast with 0.2% for April and 2.3% for the past 12 months. That might change though, as tariff effects come into place and trickle down into consumer prices over the coming months. Markets apart from bond market seem too bullish for the kind of uncertainties we are facing over the course of this year. Labor market also doesn't seem to show any substantial pull to positive or negative. Housing market finally seems to be hitting slowdown as new homes are coming to the market at higher pace, while home sales are at quite low levels similar to those during 2008, while it has to be mentioned that the US population has grown about 13% meanwhile. Another indicator of economy is oil demand which in turn shows up in oil price and lately oil prices have been weakening for quite some time to about $60 level – a level common for year as far back as 2015 which considering all the inflation since is actually a bit hard to believe. Tarrif drama cooled down sparking a strong recovery rally in May, but talks of tariffs are firing up again. This time though it seems market is not reacting as severly as in April. In a way you could say that the market seems to be calling the presidents tariff hikes a bluff or in other words just a bargaining chip. Earnings of tech sector companies continue to do well even through this environment and future forcast also doesn't seem to be impacted yet. AI continues to drive numbers up here, with good examples in PLTR and NVIDIA, both achiving strong earnings numbers. π˜Ύπ™Šπ™„π™‰π˜½π˜Όπ™Žπ™€ π™‰π™€π™’π™Ž I want to mention something that happened at Coinbase that really was impressive to me, given how careless most corporations handle stuff like that. I'm really happy and a prowd owner of Coinbase stock after seeing the CEO respond to the attacks on their customers data. The CEO and company response was very quick, very methodical and very efficient. The best response to an attack I have ever seen. The attack was investigated, studied - which brought future methods to implement and make it harder, showed customers it really cares for their data by warning them of potential fishing attacks and possibly reinbursing them as well as giving out an award for information leading to arrest instead of bowing down to attackers demands. π™π™Šπ™π™’π˜Όπ™π˜Ώ π™‡π™Šπ™Šπ™† Forward look remains unchanged, meaning that in my opinion BTC seems the most attractive and safe coin to buy during these highly unstable political and economic times. Barring a bear market in near term future, I belive it's quite possible that BTC does not fall below 80k again, possibly even doesn't go below 100k because the 80-90k level has been tested several times and it didn't show much weakness. I continue to look for a buying oportunity with BTC.
null
.