This IS NOT financial advice. This is the Opinion of a crazy person, don’t take it seriously.
Look at the dumping Russell 3000 index. At the bottom of this you will see a daily chart. The crypto market very well may be a safe haven. Gold and Silver making move up also… this is crazy shit right now!
*”The Russell 3000 Index measures the performance of the 3,000 largest publicly held companies incorporated in America as measured by total market capitalization, and represents approximately 98% of the American public equity market”*
Top 10 Russell 3000 holdings
Apple Inc. (NASDAQ: AAPL)
Microsoft Corp (NASDAQ: MSFT)
Amazon.com (NASDAQ: AMZN)
Facebook (NASDAQ: FB)
Berkshire Hathaway Inc (NYSE: BRK.B)
Johnson & Johnson (NYSE: JNJ)
JPMorgan Chase & Co (NYSE: JPM)
Exxon Mobil Corp (NYSE: XOM)
Alphabet Inc. (NASDAQ: GOOG)
The Russell 3000 Index Chart below – The price/value point is under 200/314 MA’s (Moving Averages) (Green and Purple Trend Lines).
Above = Health Below = Very Bad. Many traders see these as buy and sell points.
Question is, where is the money leaving the tradition market going?
Gold, Silver, and Bitcoin.
Gold (Note as of the time writing this, Gold is passing UP through the 200/314 MA’s)
Silver (catching up to gold)
Bitcoin (will have to keep watching. I am expecting it to act inverse to The Russell 3000)