A Monster Move in Bitcoin - The Daily Reckoning dailyreckoning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyreckoning.com Daily Mail and Mail on Sunday newspapers.
Macro-economist Henrik Zeberg thinks Bitcoin (BTC) and other risk assets are gearing up for a “monster” move, with the trend still in its early stages.…
airlines including delta, hotels, marriott, hyatt, carnival cruise, royal caribbean, all of them falling sho sharply. oil prices falling 13%. worst day for oil since april of 2020. oil is sensitive to swings in the economy. this shows investors are betting people will be flying, driving, commuting less often. they re also betting people will be stuck at home more often. stay at home, netflix, zoom, peloton, all of them rising. another ominous sign, vaccine maker moderna rising 20% on the day. we need to put the market moves in context though. despite the selloff, the s&p 500 up 22% on the year. that s a monster move. the market can t go straight up forever. also, the s&p 500 has more than doubled from the march 2020