Fundamentals are failing us; it is all about the greenback, "green" bets and easy-money policies.
Here's what has me nervous now.
The acceptance by corporate America and the rest of corporate earth certainly makes knocking bitcoin off of its pedestal more difficult.
For those who have not gone the extra mile of investing in bitcoin directly, investing in TSLA could be a semi-covert way of doing so.
In the near term, look for the greenback to move higher.
We are going to live again. You will dance in the aisle at some concert whose performer I have never heard of, and you will cheer for your favorite team in person again.
The Chinese currency has long been a point of complaint for the U.S., and its continued strength removes a distraction for incoming President Biden.
What you have seen over several weeks is a market reacting to improved prospects for increased fiscal support reliant upon deficit spending.
The risk of being long and wrong in the cryptocurrency is real.
If true, look for the effects to be seen in the price of gold and other commodities.