Valuation, as indicated by the Stock to Flow analysis, suggests the stock market is overvalued, signifying a potential future painful correction. Although valuation is not a timing tool, starting a correction from an overvalued position can result in significant losses. This indicator serves as a warning to investors that despite current gains, a severe correction may be on the horizon. Notably, Warren Buffett, a proponent of the Buffett indicator, has defensively positioned himself by holding a substantial amount of treasury bills.
Why are stocks up but crypto’s not? What happened to the bull market?
Jim Bianco is the perfect guest to intersect crypto, traditional finance and the broader macro world. And that’s exactly why we brought him on the show today.
We ask him:
- Are tech stocks in an AI bubble? - Is crypto going to have its moment? - How’s the U.S economy really doing? - What are the next potential market movers?
Jim guides us through all this, not only that, he explains how he’s positioning himself and his portfolio for 2024.