I decided to mark up this chart for entertainment purposes as I do with all other of my ideas.
Since I firmly believe that the markets are due for a major correction, Bond prices(less risky assets) should rise. In my humble opinion..............
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Quote: First major central bank rate cut marks turning of the cycle in March
LONDON (Reuters) - Switzerland kickstarted the rate cutting cycle among major central banks in March while the easing push re-accelerated across emerging economies.
"We've got a rate cut now in the G10, with the Swiss National Bank being the first out the gate," said Guy Miller, chief market strategist at Zurich Insurance Group. "So, we have got some evidence now to say that the central banks are acting as opposed to just talking – policy has indeed pivoted."
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Just a little update: Article: April 12 2024 Bitcoin Plunges to 66K, Altcoins Tumble 10-15% on Ugly Day for Risk Assets
"Treasury bonds and the U.S. dollar index (DXY) surged as traders flocked to hedges, while key U.S. equity indices the S&P500 and Nasdaq 100 slipped 1.7% an hour ahead of the close of the trading session. Gold, long considered as a haven asset, surged past $2,400 to a new all-time high before paring its gains, while oil ticked 1% higher."
Let's keep an eye on the "entertainment" In my humble opinion...............
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Below I quoted another interesting part of an article that was published today.
I'll quote a part of an interesting article: Analyst Who Called Bitcoin's Pre-Halving Rally to 70K Turns Bearish Apr 16, 2024 "The analyst who predicted bitcoin’s {{BTC}} bottom in November 2022 and the recent pre-halving surge to record highs has turned bearish on risk assets, including technology stocks and cryptocurrencies.
“Our growing concern is that risk assets (stocks and crypto) are teetering on the edge of a significant price correction. The primary trigger is the unexpected and persistent inflation. With the bond market now projecting less than three cuts and 10-year Treasury Yields surpassing 4.50%, we may have arrived at a crucial tipping point for risk assets,” Markus Thielen, founder of 10X Research, said in a note to clients Tuesday.
“We sold all our tech stocks last night (at the open) as the Nasdaq is trading very poorly and reacting to the higher bond yield. We only hold a few high-conviction crypto coins. Overall, we are bearish risk assets (stocks + crypto).” Thielen added."
Now isn't that interesting? In my humble opinion...........
Apr 16, 2024
"The analyst who predicted bitcoin’s {{BTC}} bottom in November 2022 and the recent pre-halving surge to record highs has turned bearish on risk assets, including technology stocks and cryptocurrencies.
“Our growing concern is that risk assets (stocks and crypto) are teetering on the edge of a significant price correction. The primary trigger is the unexpected and persistent inflation. With the bond market now projecting less than three cuts and 10-year Treasury Yields surpassing 4.50%, we may have arrived at a crucial tipping point for risk assets,” Markus Thielen, founder of 10X Research, said in a note to clients Tuesday.
“We sold all our tech stocks last night (at the open) as the Nasdaq is trading very poorly and reacting to the higher bond yield. We only hold a few high-conviction crypto coins. Overall, we are bearish risk assets (stocks + crypto).” Thielen added."
Now isn't that interesting?
In my humble opinion...........