Let's see what the financial market is up to? by karamyog

hive-175254 · @karamyog · Jun 17 '21

$1.49

Let's see what the financial market is up to?

![SP.JPG](https://i.imgur.com/GafrZ9g.jpg)

Yesterday, US Fed exhibited a willingness to change its Monetary Policy stance. The Fed stated that its members now expect rates to rise at the end of 2023. Their earlier stance was near 0 rates for the foreseeable future. The rationale for the shift was sustained economic recovery post-COVID-19 pandemic and inflation that may remain high for longer than expected. S&P and NASDAQ both reported declines. 10-year treasury yields also shot up.

![ndaq.JPG](https://i.imgur.com/EVKWrra.jpg)

![us10y.JPG](https://i.imgur.com/MUpI2Hh.jpg)

During the last 1 year, 50 DMA has been strong support for the S&P, as well as NASDAQ. I think 50 DMA will still act as support. US 10Y yields also saw resistance at 50 DMA. I foresee a shift in the market narrative going forward about inflation easing. Any strong downside in the equity markets or sharp uptick in yields will cause the FED to come forward with liquidity support and markets will continue with their upward trend. While the FED has indicated that rates can rise after 2 years, the bond purchase program continues and monetary conditions will remain favorable.
___
![brent.JPG](https://i.imgur.com/AeYbpRU.jpg)

Brent Crude is due for a correction as RSI indicates that it is overbought. Fundamentally, the US deal with Iran is what the market is watching. Until then, OPEC will keep a tight leash on supply. I expect oil to also continue its upward trend to $80 per barrel.
___
![xau.JPG](https://i.imgur.com/ntQGSmO.jpg)

![xauq.JPG](https://i.imgur.com/kbnRrKW.jpg)

I have never really been a fan of bitcoin versus gold. I think investors should be exposed to both.

On the daily chart, there is a golden cross forming. The weekly chart is more interesting, as it shows that gold recently broke out of a downward trending channel. I think gold is retesting the upper line of the channel and I expect gold to bounce from here. Fundamentally, negative real rates are good for gold. It has a negative correlation with Treasury yields and the recent increase in UST yields has led to a slide in gold. Both should reverse trajectory soon.
___
![btc.JPG](https://i.imgur.com/kxhkuNP.jpg)

This is from my post yesterday -
> BTC did rise above 41k yesterday. However, it was rejected at 200 DMA. I did not expect it to break 200 DMA right away but I think it will likely happen this week. 200 DMA is the key resistance to watch. There can be a retest of the downward trending yellow line too before 200 DMA is taken out.

The good thing is Bitcoin is not selling off with other assets after Fed comments from yesterday. It is demonstrating the very reason why Bitcoin should be part of every portfolio - lack of correlation with other asset classes.

👍 project.hope, gunthertopp, hingsten, bippe, xpilar, crypto.piotr, ph-support, tocho2, bigpower, vlemon, help.venezuela, unbiasedwriter, cryptokannon, alokkumar121, josevas217, mauromar, karamyog, emiliomoron, tolustx, ph-fund, pearica, mrsquiggle, alegnita, mccoy02, happyvoter, lanzjoseg, adityajainxds, ecoinstats, the-gorilla, beargame, mato445, franyeligonzalez, arunava, luckyali, machnbirdsparo, sumit71428, juanmolina, kgakakillerg, muratkbesiroglu, reeta0119, talktofaith, suanky, janettyanez, achim03, buildingpies, skysnap, akdx, joelagbo, lenonmc21, madridbg, rbalzan79, maxwellmarcusart, qsyal, hardaeborla, amestyj, helengutier2, carlir, mintymile, knowledgefruit, valchiz, retaliator, josegma96, lennyblogs, menoski, and 69 others
👎 saprem, ruckit

properties (23)vote details (135)

voter	rshares	pct
xpilar	266,433,713,980	12.75%
skysnap	6,903,397,773	15%
arunava	14,289,127,744	15%
pearica	18,132,359,007	100%
gunthertopp	841,251,600,887	15%
nerengot	125,390,354	9%
shebe	36,227,250	12.75%
lenonmc21	6,322,310,862	30%
qsyal	5,391,763,280	100%
valchiz	3,256,310,177	24%
mrsquiggle	17,521,384,572	30%
vlemon	64,990,624,855	30%
davidke20	126,931,157	1%
mauromar	25,720,324,839	6%
joseph1956	1,785,454,881	30%
mtl1979	229,910,196	25.5%
fractal-bank	22,269,500	15%
amestyj	4,270,443,757	30%
sandracarrascal	2,425,125,078	100%
hojaraskita	147,934,633	15%
madridbg	6,206,587,762	30%
tolustx	18,954,774,635	100%
adityajainxds	16,422,130,566	100%
rodyservi	0	15%
adesojisouljay	1,167,541,564	15%
pexpresiones	175,199,336	30%
rbalzan79	5,639,666,361	30%
lanzjoseg	16,472,215,366	30%
emiliomoron	22,163,136,557	80%
ajfernandez	1,223,073,643	100%
suanky	8,773,768,209	30%
myscrible	422,210,711	15%
starlord28	200,365,719	15%
joelagbo	6,368,076,601	30%
atim1234	876,878,199	30%
josevas217	29,917,088,865	30%
muratkbesiroglu	9,607,514,634	30%
karupanocitizen	1,897,243,579	30%
franyeligonzalez	14,404,445,217	15%
machnbirdsparo	11,100,089,969	30%
garybilbao	524,956,819	30%
kgakakillerg	9,829,024,165	25.5%
cryptokannon	42,662,307,598	6%
menoski	2,761,903,258	30%
retaliator	3,217,672,947	15%
crypto.piotr	266,320,871,918	30%
akdx	6,614,052,666	30%
nofamilan	12,960,599	15%
volkiceper	200,565,580	15%
hardaeborla	4,595,717,525	30%
eliorrios	2,506,590,499	30%
haccolong	2,727,863,219	9%
achim03	8,213,548,815	100%
pinedaocl	180,025,635	30%
karamyog	22,293,301,744	100%
nampvhn	0	9%
juanmolina	9,881,520,562	30%
bigpower	67,653,408,793	12.75%
hoaithu	79,716,450	8.1%
lebey1	589,231,392	30%
rubenp	165,106,952	30%
erica005	1,664,410,875	30%
carlir	4,129,508,758	30%
anhvu	50,880,730	8.1%
lht	0	9%
sumit71428	10,313,171,386	15%
alokkumar121	31,819,764,830	30%
ecoinstats	16,366,193,544	100%
unbiasedwriter	43,828,062,195	7.5%
chucho27	680,491,078	30%
janettyanez	8,555,616,241	15%
buildingpies	7,051,128,751	24%
contest-w-bounty	1,426,478,512	15%
teriyaki	0	100%
haclong	0	9%
mintymile	4,034,961,342	100%
bippe	466,864,170,809	12.75%
hingsten	615,861,822,769	12.75%
help.venezuela	52,023,231,742	70%
forplankton	0	9%
thuclh	0	9%
tocho2	123,610,320,107	25%
jacorv	531,210,269	15%
humor0404	994,982,483	30%
engrsayful	1,151,718,749	13.5%
happyvoter	17,002,289,573	100%
reeta0119	9,451,639,842	30%
maxwellmarcusart	5,431,496,976	65%
helengutier2	4,198,387,897	30%
project.hope	2,134,436,149,917	51%
anhhermit	0	9%
thebom	0	9%
ph-fund	18,201,874,797	51%
ruckit	0	-10%
saprem	0	-10%
luckyali	12,777,246,127	30%
beargame	14,691,094,553	15%
hosseinrad	699,512,985	30%
diego1306	0	15%
mccoy02	17,150,307,187	30%
talktofaith	9,083,322,665	30%
ph-support	144,772,240,519	30%
alegnita	17,449,228,721	30%
qfamily	202,872,661	30%
churchangel	1,162,374,437	30%
graciee20	1,218,191,448	15%
mato445	14,414,372,028	15%
rennyelias	143,089,266	15%
knowledgefruit	3,375,569,349	30%
sebassv	93,255,014	5%
angelnu	156,601,830	30%
barh3line	1,334,210,415	15%
mbemba2310	1,946,360,188	30%
eloksjoseph	1,583,880,839	15%
carluis777	598,237,225	25.5%
lennyblogs	2,808,992,933	100%
suffgrace	137,252,597	15%
the-gorilla	15,596,065,149	7.5%
josegma96	3,107,847,705	30%
blackking7	872,354,908	15%
devotedman	611,739,144	30%
greatideas	542,445,706	30%
esthy	34,505,836	15%
marivic1	54,383,147	15%
meekey41	117,179,048	15%
poorvik	84,305,562	15%
cryptoyankee	2,660,610,751	100%
fplcanary	1,500,091,214	30%
funmiblog	876,564,154	30%
zainsteemit	24,044,286	15%
msquaretk	110,631,126	15%
msquaretwins	466,345,358	100%
nabeeel	0	3%
denisga2021	9,127,662	15%
udyliciouz	52,488,791	15%

`post_id`	92,033,610
`author`	diego1306
`permlink`	quv4a3
`category`	hive-175254
`json_metadata`	{"app":"steemit\/0.2"}
`created`	2021-06-17 20:14:42
`last_update`	2021-06-17 20:14:42
`depth`	1
`children`	1
`net_rshares`	0
`last_payout`	2021-06-24 20:14:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	88
`author_reputation`	3,548,133,892,335
`root_title`	"Let's see what the financial market is up to?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

`post_id`	92,041,306
`author`	karamyog
`permlink`	quvq1r
`category`	hive-175254
`json_metadata`	{"app":"steemit\/0.2"}
`created`	2021-06-18 04:05:51
`last_update`	2021-06-18 04:05:51
`depth`	2
`children`	0
`net_rshares`	0
`last_payout`	2021-06-25 04:05:51
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	6
`author_reputation`	168,957,617,866,077
`root_title`	"Let's see what the financial market is up to?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000