In May and August I made posts saying "Macro conditions don't foretell a market crash soon." Time has passed and it's all pretty much the same.
BUT!! Current world events might change everything. And see my other posts re likely imminent drops in the market. This post is just about macro.
Once again, some points here looking back to 2001. (2020 was an irregular...
MACRO MONDAY 8
S&P500 / M2 Money Supply ( SP:SPX / $WMN2S)
M2 is a broad measure of the US money supply that includes cash, checking deposits, and other types of deposits that are readily convertible to cash such as CDs.
M2 is seen as a reliable metric for forecasting/predicting inflation and for this reason it can be used as leading economic indicator....
Gold ( OANDA:XAUUSD ) is forming an immature cup and handle on the monthly with a price target of $2600. On the weekly, we see it has broken above this triangle as you see in the chart below. That move is not confirmed yet either, but if next week, gold trades above this week's close, then we set a price target of $2060 and set a stop loss below the recent...
Over the last few months, inflation has been a hot topic.
As a result, I thought it would be great to emphasise the most important aspect of Bitcoin's monetary policy: scarcity.
For the first time ever, we can precisely see the maximum supply of a asset than can perform as our global reserve currency.
Given the halving event that occurs every four years (210,000...
