Dec 5, 2024
The Big news overnight is that Bitcoin hit $100,000 with President-election Trump's appointment of pro-cryptonian, Paul Atkins, to return as SEC Chief. Consider, Bitcoin was at $60k back in October; this recent climb culminates a long period of consolidation. Caution should be the watchword, however, as Bitcoin is highly deviated from its long-term moving averages. Eventually, it will get a pullback. Technology also had a big breakout Wednesday, after a long period of consolidation following the Yen Carry Trade blowup. Markets are very optimistic, very bullish, which is moving asset prices higher. We're seeing massive inflows of money into equities and ETF's, particularly in leveraged ETF's. There is a lot of speculative investing going on. Investors need to continue to manage risk.
Hosted by RIA Chief Investment Strategist, Lance Roberts,
CIO
Produced by Brent Clanton, Executive Producer
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