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Crypto’s Current Selloff
The Market Split That’s Confusing Everyone
Today’s action has me scratching my head like many others.
The S&P 500 just hit fresh all-time highs. Stocks are absolutely pumping right now. Meanwhile, Bitcoin can’t seem to break above $112,000.
This disconnect won’t last forever.
America’s economy is booming, with GDP growth hitting 3.3%. Consumer spending increased by 1.6% compared to expectations of 1.4%. Every economic indicator screams strength.
Historical Data Points to Continued Bull Market
Here’s what really caught my attention today. Since 1953, whenever 75% of stocks reach certain technical levels, the S&P 500 has experienced strong gains for 12 months.
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