America’s Two-Tier Economy Is Breaking Down | Weekly Roundup

America’s Two-Tier Economy Is Breaking Down | Weekly Roundup – Forward Guidance

Bullish:

$GDX - Gold miners are generating strong cash flows after a 12-15 year deleveraging period and are trading at cheap valuations
$TECH - Tech companies are reporting exceptionally strong earnings beats despite broader economic weakness
$BTC - Bitcoin's current 25-30% drawdown appears to be a normal correction within the cycle based on historical patterns

Bearish:

$ALTCOINS - Altcoins have been negative expected value investments for 2-3 years due to structural issues with VC emissions and retail being exit liquidity
$MANUFACT - Manufacturing sector has experienced its longest period of weakness in eight decades since World War II
$MIDINCOME - Goldman Sachs middle income consumer basket is down 17% year-to-date, reflecting struggles of middle-income consumers
$HYG - High yield borrowers have been experiencing recessionary conditions for approximately 18 months
$MSTR - Bitcoin proxy stocks like MicroStrategy have been severely beaten down and are trading near net asset value