Correlation Between Crypto Market and Nasdaq Turns Positive Ahead of US CPI Release

“Wages have decelerated in all meaningful forward-looking gauges, while housing is printing at extremes relative to reality in the CPI, meaning that we see a larger downside risk/reward in core relative to headline,” Larsen noted, while forecasting positive contributions from energy component, prices for goods, including used cars, and fatigue in good prices.

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