Everyone is blaming the Federal Reserve for the current conditions of the market. I mean, who else is in charge of rate hikes? But perhaps the Fed isn’t solely responsible. In today’s episode, Ted Bauman discusses the one psychological factor that’s also crushing growth stocks and crypto coins.
At the simplest level, “what just happened” is that stocks went down… A lot. Going one step further, we can say that stocks went down because bond yields went up. Again, a lot. But to really understand why stocks and bonds have fallen so hard and so fast, we need to understand why they went up so much in the first place.
“This is a major financial shock for the world … a first in the history of monetary policies. ”No investor likes to wake up to a headline like this. And yet, there it was, on my morning news feed. To be honest, this is good news to me.
In last week’s video, I provided an economist’s perspective on bitcoin. This week I’m broadening my horizons to look at a few of the hottest “next-generation” coins that could actually soar by providing REAL-WORLD value to investors and the global economy.
During those 65 weekend hours, Elon Musk’s people and Twitter’s people will have “material conversations” about the former’s deal to buy the company. (During market hours they’d have to share everything publicly, given their potential impact on the company’s share price.) But we’re interested in the bigger picture. The longer term. The endgame. On the stock price front, the impact on Twitter’s share price is already baked in. Unless something derails the deal … entirely possible, as you’ll see … TWTR will cease to trade at $54.20 a share, about 4% upside from Monday’s closing price. But as Jay Gould discovered, the path to media’s commanding heights is never smooth.
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