You may recall that, comically, there was an attempt made early this year by the /wsb crowd to make Bed Bath & Beyond the next hot meme stock, in the fashion of AMC and GME. Having lost 70% since January, it seems that fanfare has been rendered…
This has gone from bad to worse.
Judging from the ETF UNG, investor interest in natural gas has been heating up.
Earlier today, I doubled my short position on Brazil fund EWZ
Crypto is a powerful ally.
Here is the metals and mining ETF, which has demonstrated its overhead supply by way of that upper horizontal line: As you can see from many years of data, this instrument definitely has the ability to top and fall. As the ratio chart below suggest…
This ratio chart suggests to me that gold is finally going to take some of the verve out of the cryp-verse.
Up-to-date chart of RYT (tech equities) divided by IEF (the 10-year bond yield). This goes back thirteen years, and it strongly suggests lower equities, higher interest rates, or a combination of both, for the next few years.
In this upside-down world of ours, the only asset class which reliably sucks is the one you’d least expect: precious metals.
Crypto is far too tied to equity sentiment, and I think stocks are going to get blown to hell.
