Jan 20, 2021
Permabulls
It's not a surprise that CNBC's permabulls, who once urged investors to buy stocks based on Trump's plan of tax cuts and deregulation, are just as bullish now despite Biden's plan to raise taxes and increase regulation. They're saying not to let politics influence investments.
Gold & Treasury Yields
Gold traders are the only ones worried about rising Treasury yields.
Ironically the insignificant rise is actually even less relevant to gold than to other commodities or investment assets.
If annual inflation is 10% does it really matter if 10-year Treasuries yield 0.9% or 1.1%?
Bitcoin's Rally: Not Being Driven By Wide-Spread Institutional Adoption
The recent surge in Bitcoin is not being driven by wide-spread institutional adoption. CNBC and other crypto shills are exploiting the fact that a few high-profile institutions have taken positions to create the false impression of larger participation to sucker in more buyers.
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