Monday Market Outlook #13
The Double Bubble cycle seems to be taking physical form right before our eyes as Bitcoin broke the $50,000 dollar 'round-number' resistance level late Sunday night.
In this week's Monday Market Outlook we go over previous cycles, monetary policy, Jackson Hole, technical analysis and more.
The Economic Outlook
"The Economic Outlook," a speech Fed chairman Jerome Powell will be giving later this week to a virtual audience about their upcoming decisions and latest economic models has stalled most market movers this past week. The DJIA down 1.1%, Nasdaq down .7% and the S&P down .6%. Back in July the FOMC stated they would begin talking about tapering their $120-billion dollar a month bond-buying spree which started in mid-2020.
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