Nostr Web Client

less 2y ago

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.)

Reply to this note

Please Login to reply.

Discussion

paulo 2y ago

Good morning, Dr Jeff!

We are always crabish-to-bullish on Nostr, no matter what.

anubisSonOfRa 2y ago

Thank you for sharing your thoughts. I myself would like to be more bullish than I currently am. I don’t do any TA though, I just go with news and sentiment.

Crizzo 2y ago

What about the debt ceiling sucking liquidity once it gets raised? Lyn talked about the Treasury needing to refill it's $500B Fed account, plus Treasury sales will resume.

pukka 2y ago

That’s a good question

less 2y ago

That’s definitely worth considering.

But remember that there is also $2.2T of ready liquidity sitting in the overnight reverse repo market… which could go a long way to offset a rising TGA balance.

Crizzo 2y ago

That's a lot! Ty for the response.

josh 2y ago

That’s the big banks money though isn’t it? Can the fed tap into that?

dario 2y ago

photo of dr ross, circa 2021

less 2y ago

Accurate. 😂

Brisket 2y ago

This is all the gradually part.

Noone knows when the suddenly will come.

😉