Macro Strategy Insights

Trade Balances

My Twitter “for you” stream was filled with three themes today: A dog who “stole” the Olympics by running with cross country skiers. 😊 Headline after headline about this being the “most bullish” time ever for Bitcoin. Or, equivalently, some very high price targets (with $1 million not being uncommon). They were treating all of these claims as though somehow the “predictions” are new and interesting, but they all come from the same people who have been making those claims for years. Yawn. The price action (despite widespread support for the industry from this admin) continues to scream “stay away ... Trade Balances

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