As the saying goes, the worst is over and the best is yet to come!🧐
After all the bad news, good news follows in succession!
First, there is tonight's CPI inflation data. Currently, 9 of the top investment banks in the U.S. show positive forecasts for October's CPI, all below the official expected value by 0.3%, but core inflation still has certain stickiness! (See 👇 Figure 1)
Additionally, the U.S.-Iran issue has made a breakthrough in negotiations, with Washington allowing Iran to engage in uranium enrichment activities at a concentration of 3.67%, rather than a complete ban. As a result of this news, Brent crude oil has seen its fifth consecutive drop📉, falling from a peak of $117 per barrel to $91 per barrel! (See 👇 Figure 2)
U.S. stocks have rebounded, while cryptocurrencies are still lethargic; the time for an explosion should be soon!🤔
This article is sponsored by @binancezh, "Binance buys U.S. stocks: global assets, zero time difference, one-click access!"


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