GM and BRRR. Housekeeping first - don’t forget to place your vote in the prediction contest below about the price of ETH for your shot at $100. Learn about the contest here.

The economy is hitting a bit of a rough patch, and Wall Street isn’t sure what to do. Wall Street is panicking as stocks take a hit, yields are plummeting, and investors are hoarding gold like it's the last precious metal on earth.

The Institute for Supply Management revealed that the growth in the US services sector slowed down more than expected, and private employers added fewer jobs than in February. The ADP Research Institute noted that pay raises weakened for workers, so if you're thinking about asking for a raise, maybe wait a bit.

The Fed might pause on its hikes to interest rates with the recent flood of bad data, but there’s growing chatter amongst doomers that it won’t help markets.

In crypto news, Dogecoin is still making waves, surging nearly 30% in value after Twitter changed its logo to that of the memecoin. Elon’s a longtime Doge supporter rumored to hold billions. Twitter will likely roll out a Dogecoin tipping feature in the coming weeks or months.

Here’s what we brrr’d today:

• Wall Street Takes a Dip as U.S. Economy Takes a Breather: Is It Time to Hit the Panic Button or Just the Snooze?

• Investors Rush to Stock Up on Boomer Rocks as Gold Prices Near Record Highs

• Dogecoin howls in laughter

$100 BTC Prediction Contest: Question 2

Red Wednesday w/ Stocks & Crypto Down

• The U.S. stock market slipped following signals of a slowing economy under the weight of high interest rates.

• The S&P 500 dropped 0.2%, the Dow Jones rose 0.2%, and the Nasdaq composite fell 1.1%.

• Reports on the health of U.S. services and job market were weaker than expected.

• The Federal Reserve's fast-paced hikes to interest rates were meant to control inflation, but they're causing the economy to lose momentum.

• The ADP private payroll report suggests employers added 145,000 jobs in March, down sharply from February's 261,000.

• The Fed is expected to hold rates steady at its next meeting, with many traders betting on a rate cut later this year.

• Johnson & Johnson rose 4.5% after proposing to pay nearly $9 billion to cover allegations that its baby powder containing talc caused cancer.

• Gold remained steady at $2,035.60 per ounce, up more than 11% this year.

  AP News

Gold Poised to Soar

• Gold futures are close to record highs, currently hovering around $2,038 an ounce.

• Investors are buying gold in anticipation of a Fed pivot as the US economy slows, with a weaker dollar and a drop in the 10-year treasury yield also signaling expected ease in monetary policy.

• Experts believe that the US stock market underperforming the rest of the world will trigger a breakout for gold, as it is considered a safe haven during times of uncertainty.

• Some analysts predict a rise in gold prices to over $3,000 by 2024, with a target of $2,100 for 2023.
  Yahoo Finance

AI ART OF THE DAY

If we’re living in a simulation, this is real in at least a handful of timelines

The BRRR’s Portfolio

Down bad today - Exxon was the lone asset in the green.

Here’s your link to qualify for the Prediction Contest $100 Prize 👇

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The BRRR is meant for informational purposes only. It is not meant to serve as investment advice. Please consult with your investment, tax, or legal advisor before making any investment decisions.