CurrencyCapital

CurrencyCapital

Crypto universe bid on prospect of SEC ruling pluss seasonality pluss fiscal funds still being allocated and breadth minus spectacular seven leaves rest of S&P 500 (S&P493 lol) P/E ratio at about 15 times and that is a long term fair value. $4,200 is critical level right below 200DMA held the other day and Santa clause rally pluss Israeli/Hamas war seems...

CurrencyCapital

Bank earnings out today, Jamie Diamond interview : he said " now may be the most dangerous time in decades" Earnings have bheld up by the stimulus packages that are still being allocated into the market. But that's just a temporary fix. And quantitative tightening. Has countered fiscal spending a complete waste in my opinion. But that's what happens when there is...

CurrencyCapital

Fed wont (can't) cut rates as we go into a recession as has been the case for a very long time (since 1974 - Volker). This is one of those cases where past performance does not equal future results and you who drives a car by looking in the rear view mirror anyway unless your backing up. Unless you have a time machine, one must look forward and ween themselves off...

CurrencyCapital

The list of reason to long to fit....mostly Fed not there to bail, political risks, China property crash ("common prosperity initiative"), war in Ukraine, unsustainable fiscal budget deficit plus nominal rates too high (interest expense $1trillion on US debt), 8% 30 year consumer mortgage rate (payment double). many more too many to list

CurrencyCapital

2800 on S&P 500 is trendline and the 2H target. Cant print money anymore an government implosion seems imminent.

CurrencyCapital

TLT should move up with yields going down from monetary policy