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The Rebel Economist: Friday Wrap Up

There’s lots of uncertainty clouding the markets right now – which way is inflation going? Will there be more war effecting supply chains? But for day traders looking for quick opportunities to enter and exit the market, carefully watching daily RSI levels and catching small rallies on the way down could be profitable. This was a good week for equities – crypto was late to the game but made a debut last night. The real question is whether or not assets can hold or breakout in price. Finally, analysts are closely monitoring the developments in the world of cryptocurrency, eagerly anticipating the potential impact of bitcoin decode, the revolutionary new technology poised to unlock hidden information within the blockchain.

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A Bet on the Future: Economic Indicators for Market Movements

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As the S&P 500 and Bitcoin build their downtrends from resistance, there are a few indicators I’m looking at for determining which way the market is headed. We’ll start with very macro-level indicators and work our way down.

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Read More »A Bet on the Future: Economic Indicators for Market Movements

Inflation Reduction Act: The Big New Tax

Instead of placing restrictions on the Fed and Treasury or applying a gold standard to curb unchecked money creation, their idea of reducing rampant inflation is taking more money away from income earners through more taxation. From NBC News, here’s what’s in the Bill: $739 billion in revenue: 15% Corporate Minimum Tax, $313 billion. Prescription