THE DREAM IS ALIVE
Crypto, Global Markets and more
The Inflation Mindset
The Federal Reserve FINALLY raised interest rates .25% last week in their “attempt” to fight inflation - HOWEVER this bold action by our fearless leaders has failed to prevent men from falling into refrigeration units while trying to hoard all of the bacon they can get.
It’s safe to say we’re going to need some more drastic measures to break the inflation mindset.
The old white man consensus is inflation is a mysterious psychological phenomenon. SO, that’s suboptimal given that the internet has driven us all insane. It doesn’t help that the business twitter heroes/conmen won’t shut up about inflation.
These are historic times. We’ve now entered the history books. We’re not talking about excerpts, we’re talking about at least part of a chapter, maybe part of the most important book/series of memes of the late 21st century. We may be doomed, but that doesn’t have to mean stocks head lower. All scenarios are on the table.
DIE ANOTHER DAY
Energy prices in Europe have gone to Neptune BUT structurally European stocks have held up.
China’s house of cards is wobbling BUT Emerging Markets haven’t structurally broken down either.
These markets might become hopeless, un-buyable messes this summer, but NOT TODAY. Alternatively, these recent lows could even be THE long term low.
The Global Bull Market dream is alive. It might take tyrannical elites depreciating the currency proving bitcoin bulls right, but the dream is alive.
SPEAKING of which, Bitcoin relative to the S&P 500 is basing above the 2017 high. IF you’re going to allocate to crypto, why not now in the middle of a “crypto winter”. Let’s be honest, there’s a lot of ‘global warming’ out there.
Not only is crypto looking like a solid hedge against stocks at this point - but let’s be honest, what the computer nerds and capitalists are TRULY trying to do is defund governments. Bitcoin vs long term US treasuries appears to be basing for another move higher as well.
The days of crypto as a hedge or a must own asset may truly JUST be getting started. The good news is prices have come down and we still have some time to do our research.
Some how, some way every comment here has been thoughtful, kind and adds value. It truly says a lot about the people here. So. Let’s ruin that track record and talk about our favorite crypto projects
The 50 day moving average is truly a reference point where institutions and shitposters alike tend to buy and sell. (Apologies to the shitposters for lumping them together with the institutions.)
NOW lots of tech and high risk groups are testing the 50 day MA.
If you want to know if we’re looking at a larger rally or just a bear market bounce - these spots and trends are among the things to watch.
Chart of the Day
Stocks relative to US Treasuries has rallied to fresh all time highs. When choosing between bonds and anything else - the answer is anything else….except VXX..maybe