Daily BriefsUnited States

Daily Brief United States: S&P 500, Bitcoin and more

In today’s briefing:

  • SPX 4,100 Top Build Ahead of 3,300
  • The 2022 Crypto Debt Crisis

SPX 4,100 Top Build Ahead of 3,300

By Thomas Schroeder

  • SPX has another tactical leg up within our Q4 bull cycle toward 4,100-200 where a top is expected to form.
  • Lead warning signals are emerging in the RTY relative performance and well-defined rising wedge. NDX trading new key lows is a negative for growth.
  • SPX 4,100 wedge sell zone stands out for a final down leg to 3,300/200, that sets the stage for a macro low a new bull cycle.

The 2022 Crypto Debt Crisis

By Etherbridge

  • Over the past week and a half, we witnessed the unravelling of the $32 billion empire that was FTX and the fall of its “benevolent” leader Sam Bankman-Fried, otherwise known as SBF.
  • This story of overleveraging and outright fraud has formed a part of the bigger crypto debt crisis of 2022.
  • This article will explore how this debt crisis has unfolded and how all parties were closely interlinked. 

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