Crypto and Stocks in Trouble or Just Having a Drama Queen Moment? 🤡📉

by

So, last week the crypto and stock markets decided to play nice for a bit—everyone cheered, popcorn was consumed, and then the analysts rushed in with their “not so fast” vibes. Because apparently, US equities are still tiptoeing around the bear market like it’s an ex they’re not quite ready to ghost.

Global trade drama is the new soap opera everyone’s hooked on. Tariffs are doing their best impression of a bad Tinder date—full of uncertainty and leaving everyone wondering if there’s a second date or just infinite swiping left. Meanwhile, inflation keeps crashing the party, making wallets as sad as your unused gym membership.

Oh, and this week? Buckle up. It’s like economic data’s last hurrah before the May Fed meeting. Expect stats to drop like plot twists—exciting, confusing, and ultimately, a bit terrifying.

Must-Know Economic Drama: April 27 to May 2

Tuesday brings the Consumer Confidence report—the adult version of “Are we happy or just pretending?” Followed by job numbers, which tell us if folks are actually working or just really good at Zoom appearances.

Wednesday delivers the March Core PCE report—fancy talk for how much cash we’re burning monthly. Spoiler: the Fed’s eyeing this closely, maybe more than your nosy neighbor.

Also on Wednesday, the Q1 GDP Growth takes the stage. Economists say 2.4% growth, same as last quarter, which is basically economic “meh.” A surprise here might tweak Fed’s rate haircut plans—be prepared for plot twists!

Heads-Up for Your Calendar:

1. Consumer Confidence – Tuesday

2. Job Openings JOLTs – Tuesday

3. Q1 GDP Estimate – Wednesday

4. Inflation Check (PCE) – Wednesday

5. April Jobs Report – Friday

6. Quarter-End Earnings: 25% of S&P 500 companies spill their beans

Yes, it’s a data party. Bring your caffeine.

— The Kobeissi Letter (@KobeissiLetter) April 27, 2025

Friday’s unemployment stats will decide if people are getting jobs or just getting better at napping. Stock futures decided to sulk late Sunday—probably because a bunch of big tech giants like Amazon, Apple, Meta, and Microsoft are about to drop their quarterly dirt.

Crypto: Rollercoaster or Tilt-a-Whirl?

Monday morning in Asia saw crypto markets wobbling like your laptop on a wobbly desk. Total crypto capitalization flirting with $3 trillion like it’s playing hard to get—one slip and it’s a party foul.

Bitcoin tried to keep it together at $94,000 over the weekend, briefly flashing panic below $93,000 Monday, before pulling itself up like a true drama queen. It’s still up 7% for the week, so pat yourself on the back (or your crypto wallet).

Ethereum? Oh, honey, back below $1,800, stuck in bear market limbo and probably binge-watching sad films. Meanwhile, XRP went rogue with a 3% daily jump to $2.24, clearly not getting the memo about gloom.

Read More

2025-04-28 07:57