Market Update - July 28, 2022

Squeezes and bottoms

US central bank raised rates again and people think they’re done. I’m concerned they may underestimate Jay Powell’s fortitude and the Fed’s resolve.

Watch this week’s update in this 24-minute video or catch the TL;DW below. The first half is a market update, the second half looks at Glassnode’s bottom indicators. Reminder, I will have no updates next wee…