When I dip you dip.
Crypto took a dip…ok a BIG dip.
Signs of a future dip in the markets? Not sure if you can trust a man that puts “MAD” in front of his name, but he brings up some good points on signs of market downsides.
And just like that…
Here are your Quick Hits:
Articles to Check Out:
· Bonds have NEVER been so useless as a Hedge since 1999!
· “Long bonds as your hedge worked in a Goldilocks era” of stable growth and inflation, said Charlie McElligott, a cross-asset strategist at Nomura Securities. “But now, due to the pandemic response, that old dynamic simply no longer applies. Inflation is a volatility catalyst.”
· $2.4M will send you to space!
· Blue Origin, billionaire Jeff Bezos’ rocket company, disclosed that the current highest bid for a seat on its New Shepard spacecraft was $2.4 million in the ongoing second round of auction.
· ‘Good’ inflation or ‘bad’? Investors are scared because they can’t tell difference just yet
· The stock market is generally expected to benefit from inflation, but a long-predicted surge in U.S. prices rattled investors in the past week.
· How to Lose Money When the Stock Market is at All-Time Highs
In Other (Financial) News…
· Edelman Financial Engines today announced that it has acquired Viridian Advisors, a Washington State-based independent, 100% employee-owned firm that manages over $846 million for more than 800 clients.
· SAY WHAT?!
· Edelman Financial Engines is one of the nation’s top independent financial planning and investment advisor with 150-plus offices across the country. It has 1.3 million clients, including a giant 401(k) platform, and manages more than $270 billion in assets.
· Crypto market cap losses nearly $1 Trillion
· Yes you read that right!
· Bitcoin and ethereum posted their largest one-day drop since March last year on Wednesday
Charts that make you go hmm?
