There are no clear suggestions on how the government will tackle the lousy economy, but the stock market is having a vacation.
What has happened? We have no clue but to read between the lines about how the economy will reveal.
First thing first, the economy is not the stock market.
The stock market is not an indicator of how the economy will play out in the future but rather an indication of a handful of people who leveraged funds to try to gain profits for future growth.
You can treat the stock market as a centralized Ponzi Scheme.
Institutional investors are the one who “influence” the stock market and its directions which may or may not include economic data.
It means economic conditions can be considered or excluded from the stock market solely depending on the institutional investors’ judgments.
That is a true reason why the stock market is unpredictable to you!
Similarly, cryptocurrency is a decentralized Ponzi Scheme.
The source of the volatility comes from the speculation about the future growth of such technology.
That is why the crypto market moves like the tech stocks, and the Fed decisions and institutional investors influence them.
There is a misconception about the crypto whales who can influence the crypto market, which is half true only if they own the 51% of the market share, which is likely impossible for Bitcoin or Ethereum.
Cryptocurrency is a Ponzi Scheme because institutional investors join with a handful of funds…