Maybe this will help the NASDAQ finally flip.
![](https://slopeofhope.com/wp-content/uploads/2023/05/GOOGL-640x482.png)
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It’s comic to me that considering:
……..that the top concern everyone is breathlessly waiting for news on is whether the CPI is 5.0% or 4.9%. I mean, who give’s a rat’s ass? It’s like getting terminal cancer and being focused on a paper cut.
Anyway.
(more…)As we all await the oh-so-important CPI on Wednesday morning, let’s end the day with a couple of crypto charts. The crypto market peaked about four weeks ago (unlike tech stocks, which keep roaring higher) and, should Bitcoin cross below the horizontal I’ve drawn, the selling should accelerate. As it is now, BTC has already shed about 10% of its value.
I think I’ll stay on this side of the planet.