As the “markets” begin to resume after their long holiday weekend, I just want to post two charts that are emblematic of everything concerning said “markets” and the narrative that has been pushed. i.e., “Bitcoin™ is the new “safe” for money. And the other, “The Bear market is over.”
If those two alone had any validity, then the following would not be unraveling. To wit:
The above is as I type this ~8:30am ET via four hour intervals. I added a circle to the top showing its peak and what transpired simultaneously. The results are playing out for themselves.
The second is an update of the S&P 500™ via the futures market at same time also via four hour increments, again, to wit:
As always, we shall see. However, that’s where they stand as of this moment, which is anathema to everything that has been told and sold via the mainstream business/financial media to date.
© 2022 Mark St.Cyr
Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.