📊 What’s up with the market?

Yesterday’s GDP data is in, and here’s the takeaway: the U.S. economy is holding up strong, and inflation is keeping pace. This increases the odds of only one rate cut in 2024 — not exactly great news for the market.

Stock markets reacted with a slight dip, but the real highlight comes on Friday with the labor market data release. If it shows strength again, the correction scenario right before the elections could very well become a reality.

Now, the good news:

➣ MicroStrategy announced plans to raise $42 billion over the next 3 years for BTC purchases! 
➣ Canary Capital filed for a SOL-ETF with the SEC.