TradFi Update: Correction ahead?
The stuff mentioned in the last update is playing out.
DXY has been weak but sitting on some critical support levels.
VIX too has been moving one way downwards.
Both are ripe for a bounce. This could cause some pullback in equities.
DXY has moved up 2% and there's been a correction in stocks.
Whats concerning for the bulls is that the weekly closing on both DXY and VIX has been strong and weak for the Equities.
This usually doesn't bode well for risk-on assets.
It could be a nothing burger but for now, we need to respect the trend. There potentially could be a deeper correction on the horizon.
We will be long again as soon as there's strength.
The model signaled an exit in all TradFI positions and is sitting on CASH.
We haven't gotten a sell on the crypto equities yet. No change there.
Also in the coming weeks, will be publishing an update to the bull thesis
Coinbase, KR1, Galaxy Digital & BTC miners Mara, CLSK, Riot & HUT
continue to be a part of no-brainer cycle plays and any corrections could be used to add to core holdings.
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