Alright, so crypto markets spent the weekend just sitting there like that guy at the party who’s “fine” but really isn’t. Then Monday rolls around, and surprise-down goes the market. Like clockwork. Monday morning retreat? More like Monday morning “Oops, forgot to say hello!”
Meanwhile, all three US stock indices hit new all-time highs last Friday. Yeah, because apparently optimism around Fed rate cuts and tech is contagious-just like my neighbor’s weird cough but in a good way. And hey, throw in some friendly US-China trade chit-chat, and boom, everyone’s suddenly feeling positive. Kind of like a group hug but for money.
“The markets are looking ahead to the October and December Fed meetings as more data comes in,” says the Kobeissi Letter. Translation: “We don’t really know what’s next, but let’s pretend we do.”
The Week’s Can’t-Miss Economic Show (Sept. 22 to 26)
Jerome Powell, Mr. Fed himself, speaks Tuesday. Investors will be all ears-because when a guy who literally controls interest rates talks, you listen like it’s the season finale of your favorite show. And especially crypto folks, who hang on his every word like it’s the secret sauce.
Wednesday and Thursday? Housing data galore! New homes, existing homes, you name it. Honestly, no one’s throwing parties about housing sales, but apparently these numbers help decide if we’re all about to have a bigger mortgage or a smaller one.
Thursday is also the Q2 GDP revision-fancy talk for “Here’s a more accurate way to say how well the economy is doing.” It’s the economic version of getting your report card regraded. Spoiler: It affects how the Fed adjusts its tunes.
Then Friday rolls around with the Core PCE reading. Sounds nerdy? It is. But it’s important because it’s the Fed’s favorite way to measure inflation-like the Fed’s preferred thermometer for the economy’s fever.
Oh, and we get the Michigan Consumer Sentiment Index on Friday too-which is just a fancy way of asking, “Do you feel like spending all your money yet?” Spoiler: The answer usually influences markets more than your Aunt Linda’s advice.
Quick Recap of the Week’s Hits:
1. Fed Chair Powell Talks – Tuesday
2. New Home Sales – Wednesday
3. Durable Goods Orders – Thursday (because one data point wasn’t enough)
4. Q2 2025 GDP Update – Thursday
5. Existing Home Sales – Thursday (yes, THURSDAY is the data buffet)
6. PCE Inflation Data – Friday
Just a casual week in the life of your wallet.
– The Kobeissi Letter (@KobeissiLetter) September 21, 2025
In other news, “Monetary policy is entering a new era,” says the Kobeissi Letter, whatever that means. Oh, and get this: “stagflation is being met by interest rate cuts” while the rich get richer and the rest of us pretend we’re okay with it. Yeah, that sounds about right.
Crypto Market Prognosis: The Crystal Ball Is Foggy 🧙♂️
Crypto markets were chilling at around $4.1 trillion all weekend like a bulky ex you can’t quite shake off. But come Monday morning in Asia, things turned red again-like someone spilled ketchup on your new shirt. Over $75 billion dumped in just a few hours. Oops.
Bitcoin? Fell back to $114,300-the lowest in ten days. Tried to break $118,000 last week, but nope. Like me trying to lose weight-no progress. If this level doesn’t hold, expect a drop to $110,000. Fun times.
Ethereum’s playing nice too, down 4%, dipping below $4,300 for the first time in a couple of weeks. And the altcoins? A sea of red that’d make a tomato jealous. Dogecoin and Hyperliquid took a bigger hit after Arthur Hayes decided to cash out his stash. Thanks a lot, Arthur.
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2025-09-22 08:24