For the second day in a row the DOW and S&P 500 (broader market) is DOWN. Recession is all but assured and we have been used to crypto crashing along with traditional markets. #Gold has got a small bid and I will continue to STACK. If the price goes down I'll continue to stack. I'll probably be going to me dealer next week.
Today was actually a nice surprise. It's still the morning but #BTC is holding up nicely. This is compared to every dump in the traditional markets. We are all waiting for crypto to decouple from legacy money and if something like this continues, perhaps crypto will actually perform well. We have not seen Bitcoin in an actual bear market EVER. Remember it's debut came during FED go BURR. Of course most of us are bearish in terms of the overall market. To be honest the markets are just following reality. We have been a service economy in the west for far too long. Pain at the pumps, and empty bellies. People will put there money into cash and wait out to see if stonks will be on sale, or they just save up to pay for inflated goods. The economy is truly FUBAR.
The ten year is still stable and actually coming down! Suppressed rates? It's obvious all central banks want their hidden tax inflate the debt away. If that doesn't work, major war is upon the horizon. Psychopaths never stopped leading this world.