Bitcoin: A Massive Double Top?

Bitcoin bulls are celebrating because after 3 years Bitcoin finally managed to eke out a new high. But what makes them so sure that this marginal new high doesn't constitute a massive double top? Perhaps they should put away the champagne until an actual breakout is confirmed.

Bond Investors Are Worried About Stagflation

A weaker than expected November jobs report is sending Treasury yields higher, not lower. This means bond investors are worried about stagflation. The weaker the economy gets, the more inflation the Federal Reserve creates to stimulate it and to buy the excess Treasuries investors are dumping.

Bitcoin's Meteoric Rise

Bitcoin bulls argue that Bitcoin's meteoric rise means that major institutions that once shunned Bitcoin now have no choice but to hold their noses and buy it. Not only does Bitcoin's past performance not guarantee its future success, it more likely assures its future failure.