CPI Print and Jobless Claims: Key Economic Indicators This Week (E90)

SPY trading near its support level of 646 presents a critical moment for investors, as this level may indicate potential resistance or a springboard for recovery. Interest rates continue to hold steady, providing a semblance of stability in the market, but that may all change depending on what economic developments occur this week. The ongoing uncertainty in the financial landscape underscores the importance of staying informed. Meanwhile, Real Estate sales have notably slowed down, with numerous houses experiencing price reductions and many being taken off the market after 90 days of inactivity, highlighting a potential cooling trend in the housing sector. As we progress through the week, be on the lookout for the CPI print, which could offer valuable insights into inflation trends, and the initial jobless claims data, which serves as a barometer for labor market strength. Additionally, BTC is currently trading at 112k, leading many to ponder its future trajectory. Will it manage to stay below its all-time high, or will it experience a surge that propels it past that landmark before the year concludes? The sentiment in the crypto market remains a topic of great interest and speculation.