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Never before have new bull markets emerged with such limited leadership from a select few names. The majority of industry groups in the stock market, as well as Bitcoin and other cryptocurrencies, have detached themselves from technology stocks that focus on AI.
Preserving capital is of utmost importance. By the end of June, the Treasury General Account (TGA) is expected to reach $550 billion, which could temporarily hinder both stocks and Bitcoin. The last time a debt ceiling increase was approved was on December 16, 2021.
At that time, liquidity significantly decreased about two weeks later, impacting stock market indices like the S&P 500. Several members of the Federal Reserve have emphasized that inflation may persistently remain high due to supply chain issues and service-related prices.
When faced with stubborn inflation, increased interest rates, and tight monetary policy, new bull markets are not typically fostered.
Some will prefer to climb the wall of worry, others will smarten up and preserve. None of this if financial advice.
Some will prefer to climb the wall of worry, others will smarten up and preserve. None of this if financial advice.
Forgot to add that, #btc usually anticipates SPX big time, that's an historical tendency.
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