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The Big Picture: Inflation vs AI Spend, Bitcoin Needs to Test $80K
Description
From macro to crypto, Thursday's Big Picture panel from Charles Schwab features a broad swath of market takeaways. Joe Mazzola breaks down the latest inflation data, AI capex spending from Mag 7 names and the FOMC's decision to stand put on rates. Meanwhile, Jim Ferraioli has his eyes turned to the crypto space. He's watching the $80k level as a "meaningful area of congestion" for Bitcoin (/BTC). He adds that the CLARITY Act continues to be deliberated in Congress which could add a future momentum event for the crypto space in general.
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