L'inflation repart comme une fusée, les problèmes.

Welcome to the May 13, 2026, broadcast. We’re discussing the concerning inflation in the United States, with the latest Fed publication showing 3.8%. This is slightly above the anticipated 3.6-3.7%, but a detailed look reveals an upward trend. Core inflation is rising, energy prices have jumped from 12.5% to 17.9%, food inflation is at 3.2% (up from 2.7%), and services are at 3.4% (up from 3.1%). This indicates a clear ascending inflationary trend. The Fed is transitioning leadership from Jerome Powell to Kevin Warsh. However, the Fed chairman is not an absolute decision-maker; their role is more like a tie-breaker in FOMC votes. If inflation surpasses 4.0-4.2% in 2026, there's a possibility of interest rate hikes instead of cuts, which would trigger significant economic mechanisms. The central bank acts as a safeguard against this, similar to the ECB in Europe. Earlier in 2026, inflation was close to the Fed's 2% target, at 2.4%. However, following events in Iran, it surged dramatically, impacting global growth and the economy. Even with potential easing in the Strait of Hormuz, short-term guarantees are absent. Most investment banks predict a return to normalcy only by Q1 2027, implying continued inflation increases before a potential bell-curve peak. Currently, the NASDAQ futures are testing 29,300 points, hitting an all-time high (ATH) with no signs of the tech sector slowing down. In contrast, the S&P 500 slightly retreated to 7,400 points yesterday. With the RSI in the weekly chart entering the overbought zone, caution may be warranted mid-May 2026. The US dollar remains strong, trading at 98.3, despite a decline under the Trump administration to 95.5 in January 2026. The 200-day moving average (DMA) for the DXY is aligned with the middle of its range at 103 points. In Europe, the CAC 40 is nearing its 50-DMA and support, and the Eurostoxx and Stoxx 600 are likely to follow suit. Gold, at $2,470, is attempting to form a double bottom and is above its 50-DMA, potentially signaling a shift from risk-on tech investments to risk-off precious metals. Oil prices remain high, with UK Oil at $100 and US Oil at $106 per barrel. The crypto market's total capitalization is $2,670 billion. A retest of the "W" pattern is underway, with potential support at $2,600 billion or $2,500 billion. A fall below $2,500 billion would likely lead to lower points and the 200-week moving average at $2,140 billion. Bitcoin, specifically, touched a bottom of $60,000 in February 2026. A further bearish pull could see it between $40,000 and $60,000, possibly even $35,000, considering various timeframes and historical cycles. Concerns about advancements in AI (Claude, Mythos) potentially breaking modern cryptography could significantly impact cryptos if such an event occurs. Bitcoin is currently consolidating, having stopped just before the $83,000 zone. The 50-DMA is rising from the north at $94.7, while the 200-DMA is at $61,000. This creates a squeeze, and a sustained move above the 50-DMA would signal a new bull run. Ethereum is at $2,300, still below its 200-week moving average of $2,468. Mining company HIVE Blockchain Technologies (HIVE) is performing exceptionally, reaching an ATH of $107, up from $32-33 in November 2025. HIVE, along with others like Iris Energy, is pivoting towards AI computing power, attracting market interest while traditional Bitcoin miners like Riot Platforms and MicroStrategy struggle. MicroStrategy (MSTR) is also showing a clean chart, with its 50-DMA approaching from the north at $245, indicating a potential explosive move. In the mining sector, Artemis Gold is an interesting prospect, currently surfing its 50-DMA. Gold is definitely in a bull run, likely to continue amid global chaos. However, entering at $36 after starting at $3 in October 2022 is tricky. Netflix is near support at $876. Take-Two Interactive (TTWO) has accelerated past $215 to $226, nearing its 50-week moving average at $230. A breakout above this could lead to an ATH around $264-265, especially with GTA 6 due in October-November. Apple is close to $300, an ATH, coinciding with CEO Tim Cook handing over to John Ternus, a 25-year Apple veteran and hardware expert. Nvidia is doing well at $220-221. Palo Alto Networks (PANW) is at $215-216, an ATH, having crossed its 50-DMA at $187. Tesla remains resilient. In French stocks, TotalEnergies (TTE) is around €78. L'Oréal is at €48, stuck in a range, neither bullish nor bearish, behaving