Alternative Path

[gdl]

Which world do we live in? Bitcoin down 4 percent today on HOT INFLATION? Stocks however barely budged. But the news headlines remain the same? Stock market today: "US stocks tumble as bond yields jump after hotter-than-expected inflation data".. On a .3% drop? Tumble?

In fact, the HOT reports did not make a dent in stocks. I expected it should and clearly the news makers thought so also. But at the close once again it is in a strong upward channel.

When will we see 80,452 target in BITCOIN? Will it be soon or perhaps another consolidation at these levels? Let me spell out real trouble and real inflation building data. The PPI is THE most important data point to follow. It is the base for inflation to grow from. Hard to sustain inflation if the core material costs don't also rise.

CHINA for FIRST time in 6 months CPI increased by .6% and exports rose. The KEY to sustained INFLATION and bad news for us. Thier deflation actually helped keep inflation here relatively low. That should be reversing, and the US data should continue to surprise on the upside.