
🟢 Market Update - Risk Appetite Remains Fragile Yesterday’s stronger-than-expected US ISM Manufacturing PMI (55.5 vs 54.5 expected), failed to sustain the early rebound in US equities. The Nasdaq and S&P 500 closed lower, with concerns over AI valuations, geopolitical uncertainty and today’s US midterm elections keeping investors cautious. 🟢 What’s next? 🔹Today, 17:00 Athens: JOLTS Job Openings 🔹Tomorrow, 17:00: ISM Services PMI 🔹Tonight: Initial US midterm election results Pay particular attention to tomorrow’s Services PMI. Services account for roughly 63% of global GDP, although the US release specifically measures domestic services activity. With markets already sensitive to inflation, interest-rate expectations and political uncertainty, the reaction to incoming data could be significant. 🟢 My current strategy: Stay sidelined. When positive economic data fail to sustain a rally, I prefer to wait for stronger confirmation of buying pressure. For BTC, that means watching spot demand, OI and funding. Capital preservation comes first. NFA. DYOR ⚡️
