From my analysis it looks like Risk / Reward is pretty bad for being long Risk Assets right now
Bitcoin at 30.000 4 days ago SP500 double top at 4170 4 days ago Gold at 2000 usd I think the prudent thing to do is just be in cash or very short maturity Bonds right now And wait for a buying oportunity in June-September timeframe I think the chatter about recession will increase from now on again, even dough service sector is still very strong. January2023 i warned about Banks and Credit Risk, suddenly two months later many big banks nearly went bankrubt, due to bankruns, it seems millions of people read my blog haha
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AuthorPascal |