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!)
Published at
2024-03-29 17:58:38Event JSON
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"content": "Net Liquidity and Global M2 Update:\n\nUS Net Liquidity (upper chart) tried and failed to break out of its two-year range and has recently turned lower. \n\nOPINION #1: Ongoing bullcrabby implications (sideways chop around local highs) in the near-term for US small and mid-cap equities.\n\nGlobal M2 (approximate; lower chart) continues to trend sideways near the upper end of resistance within its three-year channel.\n\nOPINION #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.\n\nOPINION #3: Continue to respect the bullcrab environment. In other words, lean bullish... but not overly bullish... and definitely not bearish.\n\n(Not individual investment advice! For infotainment purposes only!) https://image.nostr.build/c3c1de0fbb0f5d9bd22405234fe4924aad9bd18aa6a7a8f7bab1d3110de11caf.jpg ",
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