Crypto Meltdown Continues, Down 40% From The November High

In his Daily Market Notes report to investors, while talking about the crypto meltdown, Louis Navellier composed:

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Stocks are no longer free-falling in the face of higher interest rates. Investors are picking through the rubble of the worst damage to tech names given that the Dot Com bubble popped.
Our survey today exposed that retail investors are still bullish, with 82% believing that the markets will end 2022 in the black. One respondent also thinks that ” tech growth will moderate and other sectors will catch up a bit.”
Crypto Meltdown Continues
Regardless of a disappointing December work number, 199K was half of expectations, unemployment fell to 3.9%, lower than anticipated. At the very same time wages grew faster than expected keeping inflation concerns hot. The bond market reaction was to increase yields another basis point across the yield curve. Inflation remains the focus, and the Feds plans to handle it.
The marketplaces indigestion of the financial punch bowl perhaps being eliminated much faster than anticipated seems to have reached some sort of short-term stability and the NASDAQ is clawing its method higher this morning, with the S&P and Dow near breakeven. The one property class that continued to trade down on the hawkish Fed notes today is crypto, maybe the most speculative possession class, down almost 40% from the November high.
Expect a Bottom
The marketplace continues to check out the increasing Omicron numbers, focusing on the much lower hospitalization and death rates, and the resulting resistance to setting up new lockdown guidelines. Hopes stay that we are near the beginning of the end of the pandemic, which explains the Feds determination to start to address their bloated balance sheet, rather than backpedal in the face of numerous individuals separating themselves with favorable Covid test outcomes.
Anticipate a bottom to be formed quickly, and new strength to come when the Omicron numbers begin falling as fast as they increased, and earnings results start can be found in with verifications of strong 2022 forecasts.
Coffee Beans
A manatee was saved from dry land after it was stranded at the side of a roadway when storm waters receded. According to the wildlife officials, the manatee was likely able to swim near the side of the roadway in the increasing waters, and it ended up being stranded as soon as the water receded.
Upgraded on Jan 7, 2022, 1:55 pm

See what stocks top hedge funds are offering, what they are buying, what positions they are hiring for, what their financial investment procedure is, their returns and much more! Investors are selecting through the debris of the worst damage to tech names considering that the Dot Com bubble popped. Regardless of a disappointing December work number, 199K was half of expectations, joblessness fell to 3.9%, lower than anticipated. A manatee was rescued from dry land after it was stranded at the side of a road when storm waters declined. According to the wildlife authorities, the manatee was most likely able to swim near the side of the road in the rising waters, and it ended up being stranded once the water declined.

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