KG Breaks Down CPI & Jobless Claims, Analyzes Bitcoin's Rebound Rally

Economic Indicators - The delayed CPI report showed headline inflation at 2.7% year-over-year, better than the expected 3.1% and the Cleveland Fed's 3% [2][3] - Core CPI came in at 2.6% year-over-year, also below the street's expectations of 3% [3] - Shelter costs remained around 3% year-over-year, while medical care increased by 2.9%, contributing to the CPI adjustments [4] Market Reactions - The better-than-expected CPI results fueled a market rally, impacting both equities and treasuries, with bond yields moving lower [6][7] - Jobless claims were reported at 224,000, aligning with expectations, indicating a stabilizing labor market [9][11] Cryptocurrency Insights - Bitcoin saw a 2.8% increase, indicating a risk-on sentiment in the market, although it remains below the 90,000 level [13][16] - Technical indicators suggest a potential consolidation phase for Bitcoin, with key support around 85,000 [14][16] Energy Market Overview - Crude oil prices rose approximately 8%, influenced by geopolitical tensions and market speculation regarding potential conflicts [19][24] - Despite the increase, there are concerns about a supply glut and lackluster gasoline demand in the U.S. [21][23]