Nico.Muselle

The recovery of the market ? Or not ? A comparison is due !

COINBASE:BTCUSD   Bitcoin
With the COVID-19 crash having a big impact on the markets, I wanted to compare some assets/indices on their performance since the crash on March 12th.
For completeness, I have also added the gains since Jan 1st, to see how well they recovered from the whole pandemic.

Crypto Assets
It is clear that crypto assets show the highest resilience. Ethereum in particular has shown a lot of strength, probably fueled by the DeFi movement. BTC also made a nice recovery and is at a net gain of around 30% since the beginning of the year.

Gold and Silver
While Gold and Silver are the go-to assets in case of a crisis, the gains are far below those of the top 2 crypto assets, Silver even losing some ground compared to Jan 1st.

Stock Markets
The US stock markets have shown a nice V-shape recovery with the NDAQ leading the way, completely recovered the March losses and even booking some gains. I guess technology still is considered profitable. SPX and RUT still have some recovery ahead .. but ...

What is next ?
  • Will we see a much expected 2nd wave of the COVID-19 pandemic ?
  • Will the government keep pumping money in the markets to keep them going ?
  • What about the debt bubble ? Will it burst ?
  • What will be the effect of the elections in the US ?

So many unanswered questions which causes a lot of insecurity in the markets ...
What are your thoughts ? Please share in the comments below.

Oh, and if you like this idea, consider giving it a thumbs up !
Thanks and #staysafe !

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