The Ashes Of Time, Burned Away

The big news of the day continues to be crypto (can you hear the screams of SBF from the MDC?) which, only since October, is up about 150%.

Digital gold has beat the holy hell out of physical gold. Yes, gold is up, but only about 11% or, as we professional market analysts like to use in our lingo, it hasn’t done dick.

Equities are, amazingly, actually still in the red, and NQ is still looking quite tired, including the salvation of all permabulls, the semiconductor sector. Here we see the past few days of /NQ, which looks like it’s playing with fire.

Incidentally, the right triangle I was pointing out with China (FXI) seems to be playing out nicely.

(Click on image to enlarge)

A public “thank you” to our own NYUGrad, who has been talking me off the rooftop during these shitty times. It’s nice to know who one’s friends are.

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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...

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