Markets Today - The S&P500, Nasdaq, the Dow and the Russell 2000
Our daily take on equity index levels.
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Something Big Is Going To Happen
Well, maybe. Certainly the Nasdaq feels that way, Bitcoin too. Both are extended on their short-term charts and look like a near-term correction is due. Bitcoin is particularly hard to call because we’re likely about to see the next chapter in Cryptomageddon unfold - whether that’s COIN 0.00%↑ or Binance or A.N.Other, who can say. (Note, we are short COIN in staff accounts - you can read why here.). Bitcoin itself is fixing to visit the Lambo dealer once more, even as the fate of its remaining exchanges is in the wind. In staff personal accounts we are hedged both long and short Bitcoin (via BITO 0.00%↑ long and BITI 0.00%↑ short) and hope to make bank - fiat bank - from the volatility if nothing else.
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