Why this cycle is different...

The standard Fed rate hike cycle bringing asset prices down is expected. However, this time, the excess liquidity in the system created by QE and stimulus checks during COVID, and subsequent Crypto mania, the downturn is not going to be over until crypto is killed, and laid to rest.

Generally the value names/ leaders drop later (generals get shot in the last). These two makes me believe Berkshire has some more to go. Also I was hoping the $280 holds, it didn’t. Unless we get back to $280 real quick, we are going to see $220’s before we see $280.

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