Understanding Market Volatility: Key Economic Reports Ahead (E78)

This week, be on the lookout for the FOMC meeting minutes, initial jobless claims report, GDP for Q1, and core PCE price index, as these economic indicators will provide valuable insights into the current state of the economy and monetary policy. SPY finding some support at 578 could continue trailing down to fill the gap down to 562, which has implications for both short-term and long-term investors strategizing their positions in the market. What are your thoughts on the potential market movements? Meanwhile, BTC currently trading at 110k is making new all-time highs, raising the question of whether it will continue to rise or if we will soon see a significant pullback. Given the volatile nature of cryptocurrencies, this uncertainty leaves many investors on edge. Additionally, rates seem to have increased since last week, now hovering in the 6.75-7% range, which could impact financing costs and consumer spending. With all the uncertainty in the market, what do you expect will happen next? Will investors flock towards safer assets, or will they maintain their risk-on attitude despite potential downturns?