Dr. Jeff on Nostr: My current macro opinions: There are TONS of reasons to be bearish about the economy ...
My current macro opinions:
There are TONS of reasons to be bearish about the economy and risk assets right now.
I get it. I talk about them often.
But there are also a couple of reasons to be crabbish-to-bullish about risk assets:
1. Net liquidity is essentially trending sideways
2. A looming Fed pause rally
Also...
In the near term, #bitcoin daily price action looks like it's on the cusp of flipping from short-term oversold levels to the next leg higher... Possibly to ~$40k by late June or early July.
(For infotainment purposes only. I am long $btc so I am obviously biased. Not individual trading or investment advice.)
There are TONS of reasons to be bearish about the economy and risk assets right now.
I get it. I talk about them often.
But there are also a couple of reasons to be crabbish-to-bullish about risk assets:
1. Net liquidity is essentially trending sideways
2. A looming Fed pause rally
Also...
In the near term, #bitcoin daily price action looks like it's on the cusp of flipping from short-term oversold levels to the next leg higher... Possibly to ~$40k by late June or early July.
(For infotainment purposes only. I am long $btc so I am obviously biased. Not individual trading or investment advice.)