The Great Inflationary Crisis
3 min read

The Great Inflationary Crisis

Cryptic ball: bring back the brrrr.

The weekend is here and, as anticipated Thursday, US stocks kept falling and found a new yearly low this Friday, with the S&P 500 briefly entering official bear market territory - which is when an index falls 20% below its all-time high.

  • However, mainstream media seem to forget the Nasdaq is already +30% below that level, having first entered bearish territory in February, then in March again and again in April - making it clear this was a dead cat bounce.
  • That's why it's a bit pointless when people are rejoicing because stonks managed to bounce slightly off the lows before Friday's close. Still, we can't forget the S&P 500 is facing its "longest-losing streak since the dot-com crash".
  • As explained yesterday, and provided that bitcoin doesn't stop hovering around $30k, I'm expecting the world to experience some relief in the week ahead as buyers get ready to buy this oversold dip. Keep monitoring BTC for clues!

Lastly, remember that even amid this extreme fear I'm still expecting June to provide some additional negative emotions to traders around the world. I hope I'm wrong but one thing is clear: there's no rush to buy as of yet.

Chart art: bring back buying the fear.

Remember bears can continue to short the bounces longer than you can remain liquid.

Three things: bring back the gaming days.

Tweet tip: bring back the friendly Fed.

What if Trump was still President?

Meme moment: bring back the Elmo gif.

So true! If you don't know what the Elmo gif is just hit reply and I'll send it to you!

Yug Network: education is key.

"The job of regulators is difficult and is even more complex in the crypto space due to its nature of being censorship-resistant coupled with grappling with the rapid pace of innovation."

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Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of the guidance in the report will lead to any particular outcome or result.