Stock Markets Today US GDP Q1 DOWN FED ECB Keep Buying US Debt Cash Hyper Inflation Bear Crash Soon
Channel: Junson Chan Stocks Crypto Bitcoin Defi Yield Farm
Date: 2022-06-29

https://www.bea.gov/data/gdp/gross-domestic-product
https://www.bea.gov/news/2022/gross-domestic-product-third-estimate-gdp-industry-and-corporate-profits-revised-first

As of this writing stock futures are basically flat. What's weird is the us debt markets are being bought up like crazy still and the dollar index is slightly up, meaning this is suppose to be a classic "fear" trade where stocks sell off to buy up "safe" us debt.

We're not seeing this. So we can only assume the fed and ecb and other central banks are buying up the us debt markets again.

Crypto currencies continue to slowly slide down so caution is still highly advised as we wait out the manipulation. I'm still quite bearish on everything, it's just a matter of time when that hyper inflation wave hits.

I'm still also expecting the July 28th GDP report to show that Q2 2022 US GDP was negative, which means we're officially in a recession.

For real time crypto news and geopolitical risk updates, following my twitter: https://twitter.com/realjunsonchan

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Disclaimer: This is not financial advice. These are my own personal opinions. You must do your own research if you wish to invest in anything.