@d12321 22 December 2022 more from that month

US GDP is growing, why did everything fall? 🥺 The S&P 500 zeroed out yesterday's growth and is again looking towards 3,600, while bitcoin sank below $16,700. And all because of the growth of US GDP, which, according to the latest updated data, amounted to as much as 3.2% in the third quarter. This is the third release of these data and each time they were increased: 2.6%, 2.9% and now 3.2%. And the higher this indicator, the further the US is from recession and the more opportunities the Fed has to tighten monetary policy to fight inflation. In total, the market has returned to the trend that the stronger the economy, the more investors fear because of the actions of the Fed. BTC behaves unpleasantly, yesterday it did not support the growth of shares, and today it is declining along with the S&P 500. That is, for now, the crypto market only responds to bad news 🙃