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Records in SPX, NDX, Bitcoin, 1yr lows in VIX
But looking under the hood in the stock market there appears to be some trouble brewing… SPACs, Recent SPACs, Pandemic “Winners” like Zoom (ZM) have been cut in half, mini-bubbles like Cannabis and Sports betting are correcting, down 20% from recent highs.
NDX highs powered by a rotation back into Mega-Cap.
Investor fortitude about to be tested as we head into Q1 earnings. Banks First big test this week as nearly 50% of the XLF will report by Friday’s close.
Rate Rise has paused, USD (DXY) at a critical near-term technical spot.
Jay Powell on 60 minutes
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You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Any firm that approaches $1T in value has tapped into a basic human instinct. Consuming, signalling, loving, and praying have been the fuel of Amazon, Apple, Facebook, and Google’s ascents, respectively. That the crypto asset class universe has reached $2T reveals, I believe, that it taps into two attributes we instinctively pursue: trust and scarcity.
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