Stocks are in a freefall with selling pressure spreading into industrial metals and other economically sensitive commodities. There are few places to hide in bear markets, and the list of alternatives continues to shrink. Bitcoin, an alternative, is holding up relatively well since March, but this crypto is positively correlated with stocks long-term and has yet to achieve a relative breakout. Today’s report focuses on Bitcoin’s correlation and relative performance.
TrendInvestorPro takes a weight of the evidence approach to define bull and bear markets. This evidence turned bearish on March 13th and remains bearish until proven otherwise. As noted in s to all our reports and videos.
