People are calling for a Black Monday in stocks. I’ve noticed that the last time this kind of talk took over social media, the market reversed sharply. Just a psychological observation, not a signal.
The setup still looks rough inflation, oil, and yields are all moving higher. And crypto isn’t some safe haven here. It carries the same risk as stocks, if not more.
If equities keep weakening, I don’t think crypto holds up for long. Next week could be important.