Market Outlook - US CPI Day At 15:30 Athens time, US inflation data will take center stage. 🟢 Today’s release could influence market expectations well beyond the next Fed decision. In detail: 🔹AI & Technology: Higher financing costs could pressure valuations and the economics of massive AI infrastructure investments, potentially pressuring AI-related equities and, through broader risk sentiment and cross-asset correlations, crypto markets as well. 🔹Housing: Treasury yields and mortgage rates influence affordability, housing demand and construction activity. 🔹US Debt: Inflation expectations affect Treasury yields and the cost of refinancing government debt. 🔹Crypto: Monetary conditions influence liquidity, leverage, venture funding and appetite for speculative assets. 🟢 Additional things to watch: Beyond CPI itself, two indicators are particularly important: 🔹US 2Y Treasury yield: Sensitive to Fed policy expectations. A sharp increase could signal that markets anticipate tighter monetary conditions. 🔹US 10Y Treasury yield: Reflects longer-term inflation, growth and term-premium expectations. Rising yields could pressure equity valuations, housing and risk assets. 🟢 Let’s take a look at the possible combinations: 🔹Falling 2Y and 10Y yields alongside rising equities and BTC would support a bullish interpretation. 🔹Falling yields accompanied by declining risk assets could indicate that growth concerns are dominating. 🔹Rising yields alongside falling equities and BTC would suggest inflation or monetary-tightening concerns. 🟢 My approach remains unchanged: ❗️Patience ❗️ Don't trade the initial reaction. Let the markets reveal their interpretation through Treasury yields, equity futures and BTC spot demand, OI and funding. Protect capital first. Reassess exposure once the initial volatility subsides. NFA. DYOR ⚡