Stock market update
Hi guys. I’ve been away for a month, not because of the markets, but because I was travelling and had a very limited internet access. And as I came back I see that not much has changed. Liquidity is getting sucked out of the markets, strength is being sold into so the markets are going down one by one.
Stocks have so far been hit quite hard, some more than others (see 1, 2 and 3), oil has been killed and don’t me even get started with cryptos (see Expecting a move in Bitcoin).
I would like to see a change though, but until we do we need to be defensive and err on the short side. Let me give you an update about the markets and what to look for going forward.Read More