I hate moving just as much as the next guy, but what I despise the most is having to move during a critical or turbulent time in the market. Worse yet, the older you get the more crap you end up accumulating, 99% of which you probably don’t even need.
With both Nord Stream 1 and 2 blown to smithereens Europe is frantically preparing for a winter without enough food or heat and the real prospect of a full scale economic depression.
On the plus side a large swath of the continent is finally going to reach its zero emission targets by next spring after ~40% of its industrial base will have been wiped out for good. Well done!
It’s done, toss it on the truck to the glue factory. We’ve finally reached the “Warren Buffet quotes” stage of market destruction today… And as usual, the Oracle of Omaha had it bang on…
Buckle your seatbelt Dorothy, cause this market is going bye-bye! Look, this is not very complicated and you don’t need an advanced degree in economics to figure out what comes next. Forget about all the fancy charts and all the technical analysis I’ve been posting here for a minute. I’ll break it down for you in 30 seconds flat.
The U.S. Dollar continues its unstoppable march higher with no technical hurdle in sight. To give you an idea of the overall context and significance, the least time the DXY was scraping 110 was all the way back in 2002 – twenty years ago.
After nine months at our current location in the Spanish Pyrenees it is moving time again. The house we had rented was sold in spring, but lucky for us (and not so much for the owner) we had already extended our short term contract until the end of September, giving us more time to find a place we liked.
Crypto appears to be the canary in the coal mine for what is awaiting the equities market later this fall. So let me start with the latter and then get you up to speed with the gift that keeps on losing.
The buzz in crypto over the past few weeks has been the long awaited ETH merge. If you’re the type of person who stays up at night reading up on complex technical details about how crypto currencies work then you will learn nothing new here, so this post isn’t for you. If you’re part of the remaining 99.9% then stick around and I’ll explain to you what the merge is, why you should care, and why you shouldn’t care.
The new CPI report came out yesterday and to no one’s surprise anything that wasn’t the Dollar got severely manhandled. Honestly, why anyone still falls for these bear market rallies is beyond me. So let me spell this out for you.
Summer is finally (almost) over and I’m proud to say that I spent the better part of it in hyper productivity mode, putting the finishing touches on a new crypto swing trading system I started putting together back in April. We’ll get to all that in a moment but first I’d like to set the stage and prepare you all for what’s to come in the near and more distant future plus how it will most likely affect every single one among us.