@DavidBCollum Will end up being the worst crisis in modern history. Momentum and flood of $$ probably takes it a bit higher but when it breaks… no stimulative measure will stop the slide of the return to normal valuations.
BREAKING: The Nasdaq 100 erases gains and falls -1.8% in 40 minutes to its lowest level of the session.
This puts the Nasdaq 100 just 3% away from entering correction territory.
Disagree. Crypto market cap tiny compared to gold (~2 trillion vs ~31 trillion). Semi winners $$ will find its way into SpaceX and back into crypto for another mania moment.
And today could be the start of the rotation out on the risk curve… #Nasdaq down but $BTC and $ETH holding up… if it continue to holds over the coming days and crypto pushes higher… we have lift off! 🚀
BREAKING:
Kevin Warsh just turned on the money printer.
$6,576,000,000.
Today. 9:00 AM ET.
Right before market open.
The new Fed Chair. In his first week.
Already injecting billions before the opening bell.
Something is breaking.
$9,860,000,000.
$15,172,000,000.
$23,605,000,000.
Now $6,576,000,000.
Week after week.
Injection after injection.
Governments don't do this for no reason.
They do it when something is breaking.
Or when they're trying to stop something from breaking.
Be very careful out there.
Time to start fading rate hikes. Global economy not nearly as strong as 2022 and consumer does not have cushion to absorb price hikes. Counterintuitively, it is exactly rising long end yields that are required to put the brakes on things to allow for looser FFR. The current conditions are setting up for a Q3 growth scare if they persist. I am long SOFR futures across 2027.
$ETH
Hard to ignore this setup if you’re looking at it objectively...
Most of our models are starting to point in the same direction: Higher over the coming months!!
Are you positioned for the next move?
BREAKING: US M2 money supply jumped +4.8% YoY in February, to a record $22.6 trillion, marking the 24th consecutive monthly increase.
Money supply is now ~$700 billion above the March 2022 peak.
Since the 2020 pandemic, M2 has surged +$7.1 trillion, or roughly +$1.2 trillion per year.
Since 2000, money in circulation has grown at an average annual rate of +6.2%.
The US Dollar is losing purchasing power at a historic pace.
Total Global Liquidity is rising
Global M2 is rising
US Total Liquidity is rising
US M2 is rising
China Total Liquidity is rising
ISM is rising
Try not to over think it.
BTC, ETH and broader indices like SPX are all going back to ATH (Not by a small margin) in the greatest melt up since the late 1990s
Iran was and is a geopolitical distraction in a broader cyclical melt up that really intensified in late 2022
Study the chart - So much value out there right now to gobble