MBO Issue 128 (August 2022) Has the Everything Bubble Burst Yet
By Lawrence
Content
- Review
- Euro at Risk of a Meltdown
- S&P Limited Upside in Coming Months
- Gold Entering Accumulation Phase
- Bitcoin Searching for a Bottom
- 10-Year Note Yield Ready to Pop Again
- Big Picture Summary
Review
Euro got the 1:1 target with USD and bounced.
S&P seasonal failed to materialize thanks to sudden change in the narrative that Fed will “pivot” (whatever that means I have no idea) soon enough and free money will be made available again.
Gold made a come back after touch down at that extreme breakout “crime scene”. Reaction to the price level is expected.
Bitcoin cleared its down channel resistance but no sign of gaining strength or momentum to the upside.
10-Year Note Yield tagged my support zone and bounced.
A very interesting July is now over and I am sure the rest of this year will be extremely eventful.
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