I don't know but I kind of expect crypto to get some more pain. Its more of a critical rest of the month for the stock market if they want to keep making it go up. It makes sense to me that they want to make people scared in crypto and move back into the traditional markets.
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I think the equities market keeps inching higher into May. We might see a top then.
There will likely be volatility but I foresee the trend higher.
May might signal a reversal. It is the time of year when that can happen.
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Yea I think the market will have a sell in May event and I wouldn't be surprised if they move money out then to match the seasonality charts.
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The thing that is giving me pause to that thought is the capital flow internationally.
Europe is a shit show. They along with Japan blew up their bond markets. We are doing something similar. Right now you can either go junk or no rating to find a return.
I have a feeling we are going to see capital controls coming in. These areas cant allow capital to flow out. China is already restricting and I wouldnt be surprised to see Europe do something similar.
Thus, before that hits, money will flee.
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