U.S. equities getting trashed in global firestorm
Markets have been down in Emerging Markets, Argentina, Turkey... China and Europe are down and flat... U.S. is next up to take some hits. Debt, Multiples, Leverage all at or near all-time highs. Looks like it's finally time for a global reset of sorts after years of easy money, easy energy, and international uncooperation. Probably has no useful assistance to cryptos in the short-term, but maybe long-term will open up some avenues of digital monetary opportunities. Will see if interest rates reverse their recent upward trend once growth starts stalling out. May push central monetizing and centrally planned financial management architecture to the limit.
peace @clumsysilverdad
I think it's a bit early to be calling the top, from a technical analysis perspective anyway. Although I agree things are looking a little shaky, a few big levels have broken. Keep an eye on my blog if you wanna see my view on price action as it unfolds. Crypto's reaching key areas. Take a look at Bitcoin here. Looks close to a big move!
let's hope, ty