PANews reported on March 17 that crypto analyst Nik Patel said that this week the market will usher in five important interest rate decisions, including the FOMC, but growth data such as retail sales on Monday may provide more tactically significant market signals. If the data is lower than expected but the market continues the rebound on Friday, it may indicate that the growth panic has been fully priced in and only severe tariff escalation may trigger a new low. On the contrary, if the data is better than expected, market sentiment may reverse due to previous extreme pessimism, and short-term risks are biased to the upside.
Nik believes that if the data is lower than expected and the stock market hits a new low, growth fear will still dominate, but the next round of decline may become the bottom. It is expected that Q2 may see weak growth data being digested by the market and positive data gradually reflected. In addition, Nik predicts that the FOMC decision will have limited impact on the market.
