After the Turbulence in April, U.S. Stocks Approach Trump’s Pre-4/2 Liberation Levels
After the turbulence in April, U.S. stocks ultimately approached the levels seen before Trump’s 4/2 liberation date. The U.S. economy experienced negative growth in the first quarter, and inflation data showed a slowdown. Reports indicate that the U.S. is actively engaging with China through various channels. At the same time, a group of investors is betting that the Federal Reserve will implement policy measures to prevent an economic recession. The top ten cryptocurrencies by market capitalization are mostly consolidating within a range, with Bitcoin fluctuating slightly around 94K and Ethereum hovering near 1,800.
U.S. First Quarter GDP Shows Negative Growth! Trump: “This is Biden’s Stock Market, Not Mine”
The U.S. economy surprisingly recorded negative growth in the first quarter, with an initial annualized GDP growth rate of -0.3%, marking the first contraction since 2022. U.S. stocks fell in early trading.
Despite the economic contraction, consumer spending grew by 1.8%, supported by strong indicators of underlying economic demand, thanks to the fastest growth in business equipment purchases since 2020. Additionally, key inflation indicators showed a slowdown, with the U.S. core PCE price index for March reporting an annual increase of 2.6% and a monthly change of 0.0%.
The stock market subsequently rebounded from its lows, with reports indicating that the U.S. is actively engaging with China through various channels. Meanwhile, a group of investors is betting that the Federal Reserve will implement policy measures to prevent an economic recession.
U.S. President Trump again posted on social media, stating: “This is Biden’s stock market, not mine,” urging everyone to be patient for the beginning of prosperity.
BTC at 94K, ETH Hovering Around 1800
The top ten cryptocurrencies by market capitalization are mostly consolidating within a range, with Bitcoin slightly fluctuating around 94K and Ethereum hovering near 1,800.
The Coinglass Fear and Greed Index has risen to a neutral range of 56, not far from the greed level.
Risk Warning
Investing in cryptocurrencies carries a high level of risk, and their prices may be subject to significant fluctuations. You may lose all your principal. Please assess the risks carefully.