Been a while! Watching the index slowly drift higher has been a bit boring. :)
The stock market is holding, but there are so many cracks its hard to understand how it drifts higher.
We have bitcoin breaking down, skyrocketing household debt, bankruptcies skyrocketing, car repos skyrocketing, new/used car market collapsing, US bond market rallying hardcore today, CVS/Walgreens/Rite Aids closing , Banks failing, Market Crash signals triggering, Housing prices collapsing in SOME areas of America, some commodities (like lumber) falling so hard being sold at a loss, unemployment rising, and so much more!
If we see a stock market fall, there is so much leverage that all assets should lose value. This includes crypto. I recently sold all my crypto except bitcoin. My safety position is in cash, shorts, and some outside USA investments (INDA, MSCI).
The only reason I can see America's market continue to levitate is out of all countries, it is still the best bet. Canada, Europe, China, Russia, and other major economies are facing very strong negative economics.
China isn't dumping US bonds, it is failing as a nation being forced to sell US bonds to try to prop up its currency.
Such a cheery post! I been expecting this moment since 2009 to peak between 2020-2024, that I am tired of it and just want the next shoe to drop.
Pay down your debts, stay in a safe job, lower risk investments and buckle in!
I am not sure even the Donald promising he can fix everything will turn this around. If AI makes some insane breakthrough it may help the USA remain the best of a debt ridden, demographic disaster situation.
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