The Easter weekend did little to calm market turbulences, with no trade agreements coming to fruition. In a notable move, US President Donald Trump released a list targeting “non-tariff cheating,” criticizing tariff detractors as lacking business acumen. The economy faces potential challenges ahead, signaled by a decline in consumer confidence and a rise in household inflation expectations. Federal Reserve Chair Jerome Powell’s critique of Trump’s tariff policies, met with threats from Trump to dismiss the central bank leader, further unsettled investors.
This week, pivotal economic and consumer reports are poised to sway central bank policies, especially if significant fluctuations occur. The Kobeissi Letter hints at an expected rise in market volatility.
**Key Economic Insights for the Week**
The spotlight this week turns to Wednesday for the release of Global Services and Manufacturing PMI data, offering crucial economic insights. Close behind, Thursday brings the March report on Durable Goods Orders, a key indicator of manufacturing health tied closely to consumer sentiment. Wrapping up the week, Friday unveils the Consumer Sentiment Index and Consumer Inflation Expectations reports, providing a glimpse into public confidence and inflation outlooks.
Amidst these economic evaluations, concerns grow over impending inflation, with criticisms towards the Federal Government’s readiness to tackle such challenges. With a predicted tough quarter for major tech firms like Tesla and Alphabet (Google), approximately 20% of S&P 500 companies are also set to disclose their earnings, potentially stirring the market landscape.
**Digital Currency Market Prospects**
The digital currency arena kicked off the week on a positive note, with Bitcoin leading gains and pushing the market’s total capitalization to around $2.84 trillion. Analysts note Bitcoin breaking free from a falling wedge pattern, potentially reversing a three-month downtrend. Minor uplifts were also seen in Ethereum, XRP, and Binance Coin, but Bitcoin remained the standout performer in Asia this Monday.
“Stay updated with this week’s market insights: S&P Global PMI data, durable goods orders, and consumer sentiment reports could sway central bank moves. Plus, Bitcoin leads a hopeful crypto market rebound. #EconomicOutlook #CryptoTrends”
