Ah, the grand spectacle of the American markets! Closed on Monday for Memorial Day, as if the economy itself needs a day off. But fear not, for a deluge of economic data is poised to rain down upon us like confetti at a parade, bringing both joy and despair in equal measure.
Just when you thought it was safe to invest, the specter of trade wars reared its ugly head once more. Our dear friend Donald Trump, ever the maestro of market mayhem, decided to stir the pot, threatening phone makers and the European Union with tariffs that could make even the bravest investor quiver. Tech stocks and crypto markets took a nosedive, following Bitcoin’s dizzying heights of last week. Who knew a tweet could send the markets into a tailspin? 📉
But wait! On Sunday, in a plot twist worthy of a soap opera, Trump agreed to delay those pesky EU tariffs until July 9. A temporary reprieve, like a band-aid on a gaping wound. Let’s see how long that lasts!
Economic Events May 26 to 30
Tuesday brings us the consumer confidence data, a delightful little nugget that reveals how optimistic or pessimistic the masses are about spending their hard-earned cash. Spoiler alert: it’s usually a mixed bag!
On Wednesday, the Federal Reserve will hold its May minutes meeting. Will they drop any bombshells? Probably not, but investors are already speculating about rate cuts in 2025. Because who doesn’t love a good guessing game? 🎲
Thursday rolls around with the Q1 GDP Growth Annualized report. The advance estimate showed a decrease of 0.3%. So, let’s all hold hands and sing Kumbaya as we ponder the state of our economy!
And then, on Friday, we’ll get the April Core Personal Consumption Expenditures (PCE) report. It’s the Fed’s favorite way to gauge inflation, because who doesn’t love tracking how much less their money is worth? 💸
Key Events This Week:
1. US Markets Closed – Memorial Day – Monday
2. CB Consumer Confidence data – Tuesday
3. Fed Meeting Minutes – Wednesday
4. US Q1 2025 GDP data – Thursday
5. April PCE Inflation data – Friday
6. MI Consumer Sentiment data – Friday
We have a short but…
— The Kobeissi Letter (@KobeissiLetter) May 25, 2025
Friday also brings us the Michigan Consumer Sentiment Index Inflation Expectations preliminary readings. Because nothing says “confidence” like a bunch of economists trying to predict the future!
And let’s not forget, it’s a big earnings week! All eyes are on Nvidia, which reports on Wednesday. Strong figures from this chipmaker could send AI token prices soaring. Or crashing. Who knows? 🎢
Crypto Market Outlook
In the world of crypto, markets have decided to rise during the Monday morning trading session in Asia, thanks to Trump’s tariff extension. Because nothing says “let’s invest” like a little political drama!
Total capitalization stands at a staggering $3.56 trillion, trapped in a sideways channel like a hamster on a wheel. Bitcoin, having cooled from its May 22 all-time high of $111,814, fell to $107,000 on Sunday before making a slight recovery. It’s like watching a soap opera unfold, isn’t it? 📺
Ethereum, meanwhile, slid below $2,500 on Sunday but is now making minor progress. It’s like the tortoise in a race against the hare—slow and steady, but not quite as exciting.
As for the altcoins, they were largely in the green on Monday morning, with Solana and Cardano showing slightly better gains. Hyperliquid, however, decided to throw caution to the wind and surged more than 14% on the day. Talk about a wild ride!
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2025-05-26 07:42