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.)
DrJeff / Dr. Jeff Ross
npub1k7…3c04l
2023-05-17 14:47:36
Author Public Key
npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04lPublished at
2023-05-17 14:47:36Event JSON
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"content": "My current macro opinions:\n\nThere are TONS of reasons to be bearish about the economy and risk assets right now.\n\nI get it. I talk about them often.\n\nBut there are also a couple of reasons to be crabbish-to-bullish about risk assets:\n1. Net liquidity is essentially trending sideways\n2. A looming Fed pause rally\n\nAlso...\n\nIn 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.\n\n(For infotainment purposes only. I am long $btc so I am obviously biased. Not individual trading or investment advice.)",
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