Home 2022 Commentary: Paul Ebeling on Wall Street and Beyond

#PaulEbeling #WallStreet #SP500 #bitcoin #ether #Bulls #bears #cryptocurrencies #DeFi #NFTS


“US stock benchmark indexes reversed Friday and continued through Monday as bears turned into Bulls in stocks and Bitcoin and so now some of the best future investment alternatives and ideas about finance do not come from Wall Street anymore“–Paul Ebeling

S&P 500 moves back into Green as Investors hedging this much often precedes US stock gains

DJIA +1.39 at 35091.13, NAS Comp -82.34 to 14015.66, S&P 500 -16.66 to 4483.87

Monday, the S&P 500 declined 0.4% slippage in the last 45 mins of action, which erased a 0.5% gainer for the benchmark index. The NAS Comp fell 0.6% after being up 1.0% intraday. The DJIA finished flat, while the Russell 2000 outperformed with a 0.5% gainer.

Bitcoin has become correlated with equities toward the end of Q-4 Y 2021 and fell when faced with the prospect of the Fed’s tightening, FSInsight told us in a note entitled “Digital Assets in a Post-Cycle World.”

  • The correlation has become more pronounced with bitcoin and the wider crypto market now being strongly correlated with technology stocks because of “legacy market capital entering the fold,” the head of digital asset strategy, wrote in his note Friday.
  • However, bitcoin is still King, he wrote, adding that the crypto could reach $200,000 in 2-H of this year, following a choppy start to Y 2022.
  • FSInsight also said that decentralized finance (DeFi), non-fungible tokens (NFTs) and other Web 3 applications have driven massive growth of the Ethereum network.
  • Ethereum is undervalued relative to cloud platforms, and ether, which is the native token of the network, could reach $12,000 in Y 2022, the report said.
  • There is optimism surrounding Ethereum’s transition to proof-of-stake in Y 2022, which if it happens, would likely result in capital inflows irrespective of bitcoin performance, the note added.
  • Bitcoin is trading at $43,996.22, +1,879.33 (+4.46%), as of 01:41AM UTC, the market is open.

Have a prosperous week, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.