MACRO FACTORS

The markets are actually at a very critical phase right now, there are a lot of very interestingly bullish things happening that are not to be ignored. You may have heard the words sell May but I don't think that is true. The last price action for Bitcoin in May had been 50/50 either bullish or bearish. The May gain in 2019 and 2017 were massive like a 60% to 70% gain. Instead of drawing some sort of conclusion on May just because you can do that if you to. It's not that simple, we need a deeper analysis of macro factors as well as major technical indicators to try and gain some kind of understanding of what is going on in the market. What matter is where we are in the cycle and what everything else is kind of saying.

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There are some things that I thought are relevant, the first is the macro. The NASDAQ 100 is up 26% since the lows of October which are very interesting because that is the tech-heavy Index. Some particular stocks like Facebook also known as Meta are up like 172 since the time. The rally in tech stocks is a clear sign of the increasingly risk-on attitude across all markets. Remember that crypto for the most part trades like a proxy for the tech stock area of the market. Another thing to pay attention to is the earnings reports that have been coming over last. A lot of big tech companies have been posting good earnings in the last week, easing a lot of fears that people have in the market. Letting investors feel a little bit safe in the short term to keep speculating on these riskier ends of the stock market.

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We even have a better-than-expected result from companies like Deutsche Bank which somewhat lessens concerns to the US banking crisis is going to have a big impact on Europe. The next market-moving event to watch for the week are the Federal Reserve meeting coming up on Wednesday where it is largely expected that the FED will announce another 0.25 increase to the Interest rate in the US. Although, a lot of people expected it to be the final interest rate increase which could be yet another bullish catalyst for the market. The reason all of this macro stuff matter is because it affects the way that the average investors and hedge funds feel about the market.