Big news in crypto with the SEC looking into how BlockFi pays so much interest. It’s never great when the government is poking around, looking into schemes when a key pillar of your industry IS schemes. Naturally, this is the reaction in crypto
BUT, if crypto is undergoing anything more than a run of the mill pullback, you’d think Silvergate would lose this breakout. It hasn’t yet.
Oil? Who said something about Oil? Cleary this 77 level in WTI is big time. If it holds we’re talking about upside to the triple digits.
The market is kind’ve bloody this week with new lows expanding. Of course the Nasdaq 100 is up every time you look. If you’re paying close attention, it feels like you HAVE to be there.
At this rate, NDX companies are literally going to take over the world. It turns out FANG is actually already locked in as the name of the upcoming global government. It just hits different. Plus you really have to use strong messaging when you surveil the entire world.
NDX vs the All Country World Index hitting new highs
NDX vs The Global Dow is just starting to break out
But really you don’t HAVE to be anywhere. Sure it can keep going, but at the end of the day patience and risk management are the only hills worth dying on in the markets. Is there a good risk-reward or not?
GE recently announced they’re breaking up into 3 companies. It led to a pop and it’s been straight down ever since.
Can you believe the audacity of these suits? To think people are actually going to look at the numbers and then get bullish on your stock. In the year of our lord 2021! Nobody cares about numbers. Tell us a story!
Trade ‘em well