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PPI flashing a strong disinflation signal
Bed Bath & Beyond files for bankruptcy & begins liquidation

Cheap money no more!
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Real Quarterly GDP: +1.1% at annual rates, adjusted for inflation

GDP on a downward trajectory. Poised for contraction in Q2 and onward.
BREAKING: US PCE data is out!

Headline MoM PCE at only 0.1 % pointing to an annual rate of <2% if this continues

Headline YoY 4.2% vs 4.1% expectation
Lightspark a Bitcoin tech infrastructure company, founded in 2022, has unveiled a platform for Bitcoin's Lightning Network aimed at onboarding businesses to the network. Lightspark is led by former Paypal president and entrepreneur David Marcus, who co-created Diem, a Facebook cryptocurrency product.
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ISM Manu PMI continues to be in the contraction zone.

New orders pointing to further coming contractions.

Yet a jump in prices from contraction to almost stable has spooked the stocks and bond market.
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Reminder
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Forwarded from Watcher Guru
JUST IN: ๐Ÿ‡บ๐Ÿ‡ธ Democratic congresswoman Lois Frankel sold First Republic $FRC stock and bought JPMorgan just before bank sale, CNN reports.

@WatcherGuru
๐Ÿ“ฃ Announcement ๐Ÿ“ฃ

Hey everybody! We have created a Substack newsletter to share longer-form Bitcoin articles and analyses. Feel free to sign up. It is free.

๐Ÿ“š Bitguide articles will cover Bitcoin, economics, money and financial markets with a fact-based research approach.

๐Ÿ’กTune in for our upcoming post which is an extensive analysis of inscriptions and how they have impacted the bitcoin ecosystem (breakdown of trends, blockspace usage, Mempool congestion, fees generated, etc.)

https://bitguide.substack.com

Website | Twitter | Substack
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๐Ÿ“ฃNewsletter #1๐Ÿ“ฃ

Bitcoin Inscriptions

๐Ÿ“šHow are they impacting the Bitcoin ecosystem? The hype, trends, and the implications for blockspace, fee market & adoption

Co-authored with senior Glassnode researcher @CryptoVizArt

๐Ÿ”ฅEnjoy & subscribe for more

https://bitguide.substack.com/p/bitcoin-inscriptions
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Major recessionary reading from the Empire State Manufacturing Survey

Index: -31.8 vs -3.7 expected vs +10.8 April!

Largest drop on record (ex-COVID)!

Index, new orders and shipments all plunged after a fake rise last month.
๐Ÿ“ฃNewsletter #2๐Ÿ“ฃ

Ledger Recover Fiasco: What? How bad? What to do?
Lose your privacy and security simultaneously โ€ฆ and โ€ฆ pay for it too

Co-authored by @Ziya_Sadr & @Sinz_Bitguide 

Enjoy & Subscribe for more!

https://bitguide.substack.com/p/ledger-recover-fiasco-what-how-bad?utm_source=tg&sd=pf
Home Prices Posted Biggest Drop Since 2012 in April Year-over-year change in median U.S. home sale price
Housing finally beginning to properly price the hikes