S&P 500 Smashed 📉, While Bitcoin Finds Some Legs 📈

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Good morning legends,

I hope you’re enjoying our Trump inspired, stock market shitting of the bed as much as I am:

SPX Daily

Do you remember when Donald was pro stock market or something along those lines? Well that was short lived, wasn’t it!

I’m still not sure and the market itself still isn’t sure whether Bitcoin is a true safe haven that is inversely correlated to the stock market, but take a look at the chart:

BTC/USD Daily

With stocks closed for the next few days as it’s the weekend, it adds another dynamic to the correlation and where money is going to flow.

Will we get an early rally on the weekend, or will we have to wait for Monday’s US trading session to see the real action?

Best of probabilities to you.

Peace ✌🏻.

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Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.

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