Everything appears to be back to normal in financial markets. Stock markets stabilized, VIX is back below 20, U.S. treasuries are being bought again, even the dollar is getting some traction. S&P 500 closed the week just above 61.8% retracement and is approaching the "what selling?" area above 2825. At the moment it looks like a V-correction, but I still think sellers are not done yet and will return near all time highs or earlier.
al_dcdemo's Blog
Are we on the verge of the Big Diversification?
S&P 500 is down about 10%, which is still well within the realms of a healthy market correction, though sellers do not appear to be done. According to Wall Street's rule of thumb, bull market officially ends when 20% is exceeded on a sustained basis. Bond yields are firm, which suggests investors are moving at least partly into cash.
Now, imagine if only a fraction of the 70T global stock market (nevermind 300T+ in other liquid assets) diversifies into digital assets. Cryptocurrency market capit…
Now, imagine if only a fraction of the 70T global stock market (nevermind 300T+ in other liquid assets) diversifies into digital assets. Cryptocurrency market capit…