BTC, SPX, RUT wide gap from HYG. We're up for a rude awakening
dear fellows,
it came to our attention the monthly chart of HYG, BTCUSDT, SPX, RUT. they all belong to the same class of speculative assets.
of them, HYG is likely to have the greatest demand for liquidity as it lives out of refinancing its cash flow, let alone its debt.
notice how
1. they are synchronized in what concerns the bottoms
2. HYG renewed the lows at each new bottom, never the highs at each top.
3. the others did the opposite
this mismatch opened up a wide gap in the logarithmic scale of the y axis.
the logarithmic scale shows how much percentually current level still can fall.
thus, BTC, SPX and RUT still can fall more than they did already until they catch up with HYG.
that is precisely the case of FED keeping current policy "until something brakes".
that would be a rude, late, awakening for anyone not knowing where to look at for market health check.
best regards.
it came to our attention the monthly chart of HYG, BTCUSDT, SPX, RUT. they all belong to the same class of speculative assets.
of them, HYG is likely to have the greatest demand for liquidity as it lives out of refinancing its cash flow, let alone its debt.
notice how
1. they are synchronized in what concerns the bottoms
2. HYG renewed the lows at each new bottom, never the highs at each top.
3. the others did the opposite
this mismatch opened up a wide gap in the logarithmic scale of the y axis.
the logarithmic scale shows how much percentually current level still can fall.
thus, BTC, SPX and RUT still can fall more than they did already until they catch up with HYG.
that is precisely the case of FED keeping current policy "until something brakes".
that would be a rude, late, awakening for anyone not knowing where to look at for market health check.
best regards.