Today we received a bullish June CPI reading that came in better than expected. This is the lowest reading since January. Altcoins and small caps are two assets that don’t perform well in a high interest rate environment. After today’s low June CPI reading IWM had a very bullish spike and could start to trend up soon. Similarly, Altcoins are starting to rebound as well. I think Altcoins and small caps could rally as we approach the Fed pivot, both are undervalued and tend to perform better in a lower interest rate environment.

Altcoins are slowly starting to recover with four consecutive green days. However, these gains have been very small so hopefully we see some larger upside soon. Altcoins are likely to benefit from the better than expected inflation data so we could see some nice upside next week.

Follow me on social media: https://linktr.ee/realchartchamp