Goldilocks’ Comments and Global Economic News Monday Evening 6-17-24
Good Evening ,
The stock market has finally reached a topping phase. Look for the markets to begin leveling out and retracting at any moment.
Long-term fundamentals indicate that we are heading into a reset zone. These zones do not happen overnight and can sometimes take months to complete their cycles.
Even though most stock assets have turned towards a downward trend, the tech stocks in NASDAQ are holding many of the indexes up at the moment.
Many tech stocks are currently overvalued, so it is important that we watch this sector of the market as well closely.
We are currently in a tech bubble, but all bubbles do burst. The only thing keeping this Market from going to its real values lies in the fact that the government keeps pumping it with money.
Even if money does continue to be placed into the system to hold it up, I want you to know that we are heading into a movement that will take us into real values behind the scenes.
© Goldilocks
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E140: What Really Happens to Infinite Banking if the Dollar Collapses or Hyperinflation | Living
👆 Goldilocks pointed to this article
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“XRP Officially Decouples From Bitcoin”
In financial markets, decoupling happens when the returns of one asset class moves in a different direction from their expected or normal pattern of correlations with other assets.
The days of XRP and Bitcoin rising and falling together appears to be taking new paths. Perhaps, Ripple is about to leave the nest.
Is XRP developing a life of its own based on its support levels or financial support systems giving it life?
Maybe, just maybe, we have a new leader of the pack. Ripple appears to be ready to “run with the wolves.” Trading View
© Goldilocks
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