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US CPI coming up, looking at tech/growth correlation
With the US CPI print due this week, I'm watching how the market prices in rate hike probabilities. We've seen $ETHUSD hover around the $1886 mark recently, not making any dramatic moves but also not falling apart. If CPI comes in hot, could see some pressure on growth names again, including crypto.
On the other hand, if it cools down, we might see some capital flow back into more speculative assets. Keeps me cautious on anything with high beta right now. Not buying, just observing price action around this key data point to see if the recent range holds.
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