It is not just ‘tech stocks’ in a bear market.
Crypto has been crashing as well.
To keep it simple, I follow the $TCAP total market token and that token is down 60 percent since November. What is TCAP?:
TCAP gives holders real-time price exposure to total cryptocurrency market cap. It’s a new, 200% fully backed, fully collateralized asset that’s both audited and accurately representative of the entire cryptocurrency complex by total market capitalization.
You can buy the token on many exchanges including Gemini and I will probably start using it as my one proxy token for the sector exposure at some point this year.
My good friend Jan Van Eck who runs the $60 plus billion Van Eck Funds (a great site for financial and market history research) was on Josh and Mike’s podcast this week talking about the markets and the history of markets and what he sees coming up in ‘June’ tat we should be paying attention to. You can watch/listen right here.
Have a great Sunday.
I will have a lot more charts and details on what I see in this weeks Momentum Monday which I will share tomorrow on the blog.