Santiago Iniesta Sánchez
📈 Markets Find Their Mojo Again as Inflation Eases and Optimism Returns Even with the ongoing U.S. government shutdown, the market found something to cheer about this week 🎉. The long-awaited September Consumer Price Index (CPI) finally landed — and the numbers brought relief. Inflation came in at 3.0% year-on-year, slightly below the 3.1% expected, a small but powerful sign that price pressures remain under control. That modest 0.1-point surprise was enough to ignite a wave of buying across Wall Street. The S&P 500 opened Friday at record levels, surging past 6,764.58 points, erasing the sharp pullback from October 10 — the day Donald Trump’s renewed outbursts against China sent markets tumbling. Now, calm seems to have returned 🌤️. Attention is shifting to next week’s highly anticipated bilateral meeting between Trump and Xi Jinping, as well as the Federal Reserve’s monetary policy decision. The consensus? A 25 basis-point rate cut seems all but certain.⚡ 💰 Crypto: A Breather, Not a Breakout After two brutal weeks, the crypto market finally caught its breath 😮‍💨. Bitcoin (BTC) climbed 2.3% this week to around $111,000, recovering a fraction of its recent 12% slide. However, the rebound feels more like a technical pause than a full recovery. The total value of spot Bitcoin ETFs fell to $20 billion, signaling that institutional capital is still in retreat amid heightened U.S.-China tensions. Adding drama to the week, Donald Trump pardoned Binance founder Changpeng Zhao (CZ), overturning his conviction under the Bank Secrecy Act. The news sent BNB soaring 4.5% before profit-taking pulled it back. Meanwhile, Hong Kong took the spotlight by approving the world’s first Solana (SOL) spot ETF, launched by ChinaAMC, giving Asian crypto markets a head start over the U.S. 🇭🇰 All in all, crypto is stabilizing, not rallying. The next major moves will depend on ETF flows, geopolitical winds, and the evolving regulatory landscape. 🌐 🔮 What’s Next: Central Banks & Big Tech Earnings Looking ahead, the absence of new U.S. economic data due to the budget impasse means traders will stay focused on monetary policy and corporate earnings. The Federal Reserve is set to announce its latest decision Wednesday night, with futures markets pricing in a 99% chance of a 25-basis-point rate cut. Meanwhile, earnings season is kicking into high gear — and next week’s lineup is nothing short of spectacular 💥: 📊 In the U.S.: Microsoft, Amazon, Alphabet, and Meta will dominate headlines. 💶 In Europe: heavyweights like Air Liquide, Volkswagen, BNP Paribas, Novartis, and TotalEnergies will take center stage. $SPX500 $SPY (SPDR S&P 500 ETF) $NSDQ100 $QQQ (Invesco QQQ) $BTC
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