15 April 2024: Risk assets in the week of uncertainty

Hopehope赋予希望
04-14

Saw news about potential escalation of tensions between Iran and Israel over the weekend.

With that, there are reports on Bitcoin falling around 10% at one point. It has since cut back some of the collapse.. To be frank, it is difficult to ascribe a valuation for Bitcoin and cryptocurrencies as the technology, security and concept behind them are not easy for me to think through the product use cases.

If this is the case, I will simply see it as a proxy to look at risk assets' sentiment in general. I would not be surprised that in the coming week, the risk assets should display a relatively decent pricing without the fear seen this weekend in relation to Bitcoin's price movement.

Why? Its an election year and I do not think Biden would want further escalation. However, we should not forget that during Biden's term, there are a few escalations in different regions. I do hope for world peace.

For time being, I will not derisk as my stock selection is more on business fundamentals rather than momentum assessment.

As always, this should not be construed as any investment or trading advice.


$Tiger Brokers(TIGR)$  $XIAOMI-W(01810)$  $MicroStrategy(MSTR)$  $Coinbase Global, Inc.(COIN)$  $Robinhood(HOOD)$  

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Comments

  • Hopehope赋予希望
    04-14
    Hopehope赋予希望
    Saudi Arabia and Israel stock markets seem fine so far on Sunday
  • Barcode
    04-15
    Barcode
    Thank you for your insights.
    As someone who values harmony and understanding, I hold a deep-seated wish for world peace. I hope that by fostering empathy and dialogue, we can pave the way for a more peaceful and prosperous world, where all individuals can thrive in safety and security.
  • KSR
    04-15
    KSR
    👍
  • Tom Chow
    04-15
    Tom Chow
    good
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