Dr. Jeff on Nostr: Net Liquidity and Global M2 Update: US Net Liquidity (upper chart) tried and failed ...
Net Liquidity and Global M2 Update:
US Net Liquidity (upper chart) tried and failed to break out of its two-year range and has recently turned lower.
OPINION #1: Ongoing bullcrabby implications (sideways chop around local highs) in the near-term for US small and mid-cap equities.
Global M2 (approximate; lower chart) continues to trend sideways near the upper end of resistance within its three-year channel.
OPINION #2: Until this trend changes, I expect continued choppy sideways ("crabby") price action of worldwide assets near local highs. 🦀These may include: #bitcoin, #gold, FAANG+ stocks, and $QQQ, among others.
OPINION #3: Continue to respect the bullcrab environment. In other words, lean bullish... but not overly bullish... and definitely not bearish.
(Not individual investment advice! For infotainment purposes only!)
US Net Liquidity (upper chart) tried and failed to break out of its two-year range and has recently turned lower.
OPINION #1: Ongoing bullcrabby implications (sideways chop around local highs) in the near-term for US small and mid-cap equities.
Global M2 (approximate; lower chart) continues to trend sideways near the upper end of resistance within its three-year channel.
OPINION #2: Until this trend changes, I expect continued choppy sideways ("crabby") price action of worldwide assets near local highs. 🦀These may include: #bitcoin, #gold, FAANG+ stocks, and $QQQ, among others.
OPINION #3: Continue to respect the bullcrab environment. In other words, lean bullish... but not overly bullish... and definitely not bearish.
(Not individual investment advice! For infotainment purposes only!)