Featured Story
The last few months have seen the dollar dive and crypto thrive…
Source: Bloomberg
And the last few days have been no different…
Source: Bloomberg
With bitcoin helped overnight by the Koreans (the Kimchi premium tagged zero then soared)…
Joe Lonsdale, Palantir co-founder explained succinctly why crypto is performing so well (and perhaps why the dollar is not so much)…
“Bitcoin is a bet against a centralized financial system run by crazy people… it is a bet that the emperor has no clothes.”
Echoing Kyle Bass’ infamous comments about gold from a decade ago…
“Buying gold is just buying a put against the idiocy of the political cycle. It’s That Simple”
For now, it seems the market has a preference for one over the other (or one is being suppressed, take your pick)…
Source: Bloomberg
Although the last week or two have seen that swing back the other way a little…
Source: Bloomberg
Away from that malarkey, Small Caps outperformed Big-Tech for the 4th straight day as all major US indices but the Dow managed gains today…
At 1530ET, all hell broke loose in stock land with a sudden, massive-volume puke that came out of nowhere…
This was a major sell program…
TSLA (whose earnings are tonight) went just a little bit turbo during that period too (ARKK was up over 3% today)…
DISCA (think Archegos) surged during this broad index puke.
After stopping perfectly at January’s lows, Small Caps have surged higher relative to Mega-Cap DJIA in the last week or two…
Source: Bloomberg
Growth outperformed Value today
Source: Bloomberg
Despite equity gains, Treasuries ended the day practically unchanged…
Source: Bloomberg
10Y Yields remain in a very narrow range…
Source: Bloomberg
Bitcoin wasn’t the only crypto to see a huge rebound. Ether surged from below $2200 to over $2500…
Source: Bloomberg
ETH is hovering near its highs relative to BTC from February…
Source: Bloomberg
After Friday’s clubbing, (and this morning’s smaller slam), gold managed gains on the day…
Oil prices ended lower, despite a wild intraday swing…
Finally, the price of agricultural commodities is literally exploding…
Source: Bloomberg
“Transitory” of course!
And financial conditions have never… ever… been this easy…
Source: Bloomberg
How much longer are you going to enable this Mr.Powell? Perhaps Mr. Lonsdale is right – “crazy people” are running the system.60
Don't Miss
$1,400,000,000,000 Gone In Less Than A Week – Stock Market In Turmoil As The Trade War Dramatically Escalates
The apostle Paul reminds his readers that followers of Christ must not build their lives around things that have no eternal significance. Rather than pursuing…
When You Get An Email Like This From The Fed, It May Be Time To Panic
The Greek word for “truth” is aletheia, which literally means to “un-hide” or “hiding nothing.” It conveys the thought that truth is always there, always open…
The United States, Along with Virtually Every “Developed” Country, Are Effectively Bankrupt
What conclusions can be drawn from the above biblical examples? The guidelines for a Christian’s civil disobedience can be summed as follows: • Christians should…
Buckle Up, It’s About to Get Nasty
The Bible does not specifically condemn gambling, betting, or the lottery. The Bible does warn us, however, to stay away from the love of money (1…
“Does Banking Contribute to The Good of Society?”HELL NO!
The dictionary defines capitalism as “an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by…
