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Crypto’s perfect alignment is about to unleash a flood of money

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streetauthority.com

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editors@streetauthority.com

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Tue, Jun 18, 2024 11:30 AM

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Wall Street Gets Its Groove Back Between Bitcoin’s halving… the approval of crypto ETFs

Wall Street Gets Its Groove Back [StreetAuthority]    [Crypto’s perfect alignment is about to unleash a flood of money](  Between Bitcoin’s halving… the approval of crypto ETFs… followed by huge trades made by Wall Street’s biggest banks and power players have pushed crypto to a tipping point… Crypto is like a coiled spring right now… the profits are primed to come pouring out. And we’re angling to catch them by the bucket. Want in? [Drop these 5 ‘under the radar’ crypto coins in your pocket today for a shot at $500k.](   Wall Street Gets Its Groove Back By John Persinos  The S&P 500 and tech-heavy NASDAQ finished last week at record highs, as investor exuberance grows. Several factors are fueling the bullishness, including sustained economic growth, falling inflation, strong corporate earnings, a moderate Federal Reserve, and normalizing interest rates. A “soft landing” appears to be in the cards after all. Wall Street is back in its groove. Last week’s economic highlights centered on the June Federal Open Market Committee (FOMC) meeting and the latest U.S. inflation data, both delivering encouraging signals for investors. The May consumer price index (CPI) revealed a year-over-year increase of 3.3%, slightly below the previous month’s 3.4% and lower than forecasts. The Fed, as anticipated, maintained its federal funds rate within the 5.25% to 5.5% range during the June meeting. Notably, the Fed’s updated projections suggest a single rate cut in 2024, contrasting with the three cuts predicted in March. In January, Wall Street had predicted six cuts this year, but those hopes are out the window. May’s inflation figures were bolstered by stable food prices and a decline in energy costs, as well as reductions in new car prices and airline fares. The headline CPI’s 3.3% increase and core inflation’s 3.4% rise, both below expectations, marked a significant cooling from earlier months. This deceleration provided reassurance that inflation pressures are easing, though the Fed is likely to seek several more favorable readings before considering rate cuts. [Read More...](   [Money Checklist]( [Copy and paste profits = Cash in hand - EVERY week](  Imagine waking up, taking the first sip of your coffee, then with little more than a click, cramming your account [with up to $1,600... every single Thursday.]( Cash that’s yours… immediately to use however you want… on what you want. For Investors who have discovered the power Jim Fink’s PAYCODES… This is no fever dream… it's their cash-filled reality. Want in on the action? [Pick up your first PAYCODE today… and turn that dream into a reality.]( You are receiving this email at {EMAIL} as part of your subscription to StreetAuthority. To ensure that you receive these emails, [please add us to your address book.]( [Terms]( |  [Privacy]( |  [Unsubscribe]( ©2024 StreetAuthority 20 Pidgeon Hill Drive, Suite 202, Sterling, VA 20165 All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited.

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