Looking at SPX/gold again yesterday I realized…that looks a lot like Bitcoin doesn’t it?
Sure enough. The two have behaved similarly over the past 10 months or so, going back to the Time of the Tariff Tantrum Tribulations.
The Scariest Chart (by LZ)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Strive, Indeed
Hey, I’ve got another winning crypto company for you: Strive (with the obvious ticker symbol ASST). Here is this honey of a stock, which has managed to lose 95% of its value in the few months it has been public during the most ridiculous bull market in human history.
Winning!
As you well know, this is a great time to be a grifter. If you’re a convicted felon, like CZ, you get pardoned, and if you’re at the top of the heap, well, you just rock and roll……….
Bit Check
In sharp contrast to the past couple of weeks, the market is pretty quiet this morning, with the /ES up one-tenth of a percent as I am typing this before the opening bell. As a comment cleaner, let’s just take a quick peek at the two key crypto coins.
The big boy, Bitcoin, is down quadruple digits, and it has turned away (hopefully for good) from the resistance line, which it didn’t even manage to reach.
Crypto is Dying
Way back on February 2nd, I wrote a post called Follow Bitcoin which suggested that equities would slavishly follow the path of crypto, because crypto, Bitcoin in particular, is not only an important liquidity indicator but it also captures the overall zeitgeist and confidence of the assets market.
Having observed what has transpired this month, it seems this goofy notion is actually quite on the mark, particularly since my post, as the layered chart vividly illustrates below (QQQ in blue, BTC in black).
