This episode is brought to you by Kraken Pro. Meet Kraken Pro, rebuilt from the ground up to give you the advanced crypto trading tools you need, all in one place.

Switch instantly between spot, margin and futures trading, then track your performance on a fully customizable interface.

It's Kraken's most powerful trading platform. Well, ever.

Head to pro.krakken.com and trade like a pro.

Cryptocurrencies are unregulated in the UK.

Profits may be subject to capsule gains tax and the value of cryptocurrencies can go down or up.

Hey, everyone. If you like this podcast, go behind the paywall to get privileged access to the smartest minds and finance.

Visit realvision.com slash RV pod and use the promo code podcast10 at podcast10 to get 10% off our essential membership for the first year.

Join the real vision community and learn how to become a better investor.

And now to the top analysis of today's markets.

The signals are telling me that inflation will soon be gone, but your job might be gone to that is the sad message in this live edition of

Steno signals. We are going to elaborate on the inflation evidence that we've gathered over the week and why falling inflation could be an issue for corporate profits.

So let's have a look at the data incoming over the week to get an overview of the inflation pressures around the west because I think we find new compelling evidence that inflation is

veining fast now and that inflation will soon be gone as a topic in financial markets this week.

We had the inflation number from may out of Europe.

And if we look at European inflation relative to the US inflation picture on the first shot of broad today.

We're now clearly seeing a pattern of European inflation catching down to the trends that we've seen in the US over the past quarter or two.

This week European inflation surprised clearly to the downside of expectations.

And it was a pretty broad based picture across the European continent, German inflation, surprised on the low side of expectations, French inflation, surprised on the low side of expectations.

And only in Italy inflation increased relative to what was expected.

So we are now at 6.1% in Europe down from double digit territory last year.

And my best guess is that we are below five already next month.

...