Deja Vu – Like 2022
Much like what happened at the end of 2021, the stock market and particularly the extremely over valued MAG 7 now, (FANGS) then, are in a frenzied blowoff top. Unless something happens(geopolitically or economically) before year end, the bubble is unlikely to pop, until the first trading day of 2025.
Just as 2022 saw a significant drop in equities until the bottom in October of that year, 2025 should be similiar with the likelihood that the NASDAQ 100 drops more than the S&P. The difference this time, is that stocks will likely continue lower for more than just 9-10 months. Enjoy these last few weeks while you can but don’t overstay your welcome.
So far my belief that Bitcoin topped at 100,000 on Friday Nov. 22nd is holding and it is likely to incur a significant correction, from here.
Should have held off on that last sentence. Bitcoin has taken out 100K, 13 days later. Where from here? I still expect a large correction but much like the equities bubble it may not begin until after the calendar flips to 2025?