by confoundedinterest17
2021 has been a really bizarre yr. Inflation has boomed (highest in 40 years) after the election of Joe Biden as President of the USA (name it Bidenflation). Then we’ve got The Federal Reserve barely performing on the booming inflation (maintaining charges at 25 foundation factors whereas withdrawing the COVID-related financial stimulus).
Then we’ve got the rise of cryptocurrency Ethereum and the surge meme shares such sport retailer GameStop, a favourite of the web web site Reddit.
Given the volatility of GameStop (Reddit-inspired), you possibly can see the unusual form of GameStop’s volatility floor.
In contrast, gold is now the place it was was firstly of 2021 and the surge of Bidenflation.
Right here is volatility floor for gold.
So, there are a selection of meme shares (GameStop is only one instance), gold, silver, cryptos equivalent to Bitcoin and Ethereum. However gold appears to be placid with respect to inflation, however the meme shares and cryptos appear to be motoring. Or is it rage in opposition to the monetary machine? Or rage in opposition to Bidenflation??
The US inventory and bond markets are closed immediately and tomorrow, Christmas day.
Have a Merry Christmas! And have fun the “Santa Pause” as Powell refuses to boost charges to fight inflation till 2022.
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