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“We are not really playing this whole cyclical trade out but clearly empirical evidence seems to suggest that if you do get a correction in some of these stocks, they should continue to do well considering that they are quasi economic indicators, ” says
AQF Advisors.
It is often said that when leadership cracks, that is the time you get worried. Is Bitcoin a crude indicator of how risk in the world is moving? In this kind of a scenario where bond yields and crude are going higher, Bitcoin should have reversed by now?
The Bitcoin market at the best of times is a little opaque. So to say that it is a very efficient indicator is too early as such. This is again a very supply-demand driven oriented market. So I would not really necessarily buy the agreement that the Bitcoin is really an indicator of risk on-off as yet.