Home 2022 Commentary: Paul Ebeling on Wall Street and Beyond

Commentary: Paul Ebeling on Wall Street and Beyond

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#PaulEbeling #WallStreet #Fed #SP500 #earnings #investors #blockchain #bitcoin #ether #stablecoin #options #OTC #NDO #Bulls #cryptocurrencies #crypto #TradFi #DeFi #NFTS #US #war #Russi#Ukraine #Powell #Zelensky

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“Investors have shifted to the Fed’s hawkish statements, savvy participants are shifting to crypto or standing aside, while the S&P 500 sets up for the next leg North” — Paul Ebeling

US stocks deliver best wkly performance since November 2020 as S&P 500 rose 6% last Friday a wk.

Following that powerful move off of last Monday’s lows stocks stocks paused to refresh Monday. At this point, I do not see straight up action, thus the short-term have time to exit and longer-term buyers get some better entry points. As long as there is no retest of the lows that were hit last Wednesday, the technical conditions are positive.

The longer this market has steam the more likely that strong FOMO (fear of missing out) will develop. This is a very Bullish action. The fact that there are worries about disaster in the Ukraine is a market positive as it creates a Wall of Worry that the market can climb. The market know Mr. Zelensky is not a Hero!

The benchmark index has not broken back above SPX4590 yet, but the market breadth readings are so strong that the Key reversal has happened. So, I will now confidently my S&R data and predict S&P 500 at 5,500 at least by year’s end.

On the crypto front

Given the Key motivation for creating Bitcoin, the seminal private decentralized cryptocurrency was to take back control of money from governments, increasing regulation does not sit comfortably with diehard crypto fans. While this objection seems straightforward and warranted, the reality is nuanced, crypto is not like stocks in tough times. During this time of crisis, cryptocurrency began to show investors its true nature, proving it is not just another traditional asset. We report on it daily and are Bullish.

Monday, Goldman Sachs took a big step toward the possible wide adoption of bitcoin among institutional investors, such as hedge and pension funds. 

A step that will undoubtedly reassure some big investors, many of whom are still very reluctant to invest in cryptocurrencies and in particular in bitcoin, the first digital currency in terms of market share. 

Goldman Sachs Group (NYSE:GS), a big name in TradFi (traditional finance) said Monday that it just carried out its 1st OTC crypto options trade.

Goldie traded a bitcoin-linked instrument called a NDO (non-deliverable bitcoin option), which is a derivative tied to bitcoin’s price that pays out in cash.

Options are used by crypto investors to hedge risks or boost yields, and OTC transactions are larger trades negotiated privately.

“We are pleased to have executed our first cash-settled crypto currency options trade with Galaxy,” said Asia Pacific’s head of digital assets for Goldman Sachs. “This is an important development in our digital assets capabilities and for the broader evolution of the asset class.”

More on the importance of fine art in the 21st Century.

… 20th Century painting is art like we have never seen it before“–Paul Ebeling

There is a community of international cryptocurrency billionaires looking to trade their digital fortunes for a tangible asset class that has been around longer than blockchain or the Internet: Contemporary Art.

The future of art investing begins today, join us.

Have a healthy, prosperous week, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.