Date: 2023-07-27T19:05:04Z Creator: Bitfolio Academy
Today, the US Department of Commerce dropped a serious bombshell! Against all trends and predictions, they reported a dynamic growth of 2.4% in the US economy for the second quarter. In a dramatic twist, a multitude of economists, who were betting on a recession, have been proven spectacularly wrong!
Let’s clear the air – in spite of the Federal Reserve’s bold move to raise interest rates, our powerful economy has still managed to retain low unemployment rates and high consumer spending. Did someone say ‘resilience’? Because that’s what we are witnessing right now.
Let’s rewind to just last year – hardly was there a whisper of a prediction that the S&P 500 would rocket over 4,500 by this summer. Well, guess what? It didn’t just cross, but it’s currently throwing a party at 4,579!
Remember our popular YouTube influencer who was all in for recession, so convinced that he audaciously shorted Bitcoin at $21,000? Well, these daring short-sellers have been catching some rough blows and compiling staggering losses.
Look around you folks, there’s no sugar coating it – the bullish market isn’t just real, it’s roaring with vigor! This doesn’t seem like a bear market bounce; rather, it’s stronger, standing tall and genuine.
Let me know in the comments. 🤔
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