
Investors are closely monitoring the upcoming Consumer Price Index (CPI) report, scheduled for release on Wednesday, as concerns about inflation persist. Analysts suggest that a favorable CPI print below 2.8% could trigger a market relief rally, particularly as the market prepares for Donald Trump's inauguration. Trump's potential commitment to establishing a Strategic Bitcoin Reserve has also captured the attention of cryptocurrency investors, who are awaiting concrete actions from him in the early days of his presidency. If no actions are taken within the first 100 days, there are expectations of a potential downturn in Bitcoin prices. The market sentiment remains cautious, with some analysts predicting a de-risking phase before the inauguration, while others anticipate a generally positive week for stocks. The volatility index (VIX) is currently below the $20 mark, indicating a calmer market environment ahead of these key economic indicators.
$VIX now red. Below $20 psychological handle. PPI and CPI coming up… See if we can get a mini relief rally in markets this week before inauguration next holiday Monday.
Will Trump follow through on his promise to create a Strategic #Bitcoin Reserve? "He got elected on a Bitcoin agenda, and then once he got elected he said he was going to do it, so I believe he is going to do it." - @timevalueofbtc https://t.co/rrKWsjz5p9
Investors brace for any hint of reaccelerating inflation in CPI data this week https://t.co/U8tdjRJ13w