Our Greatest Crypto Hits Of 2021!

Posted on by Wayne Burritt

Don't blame me, but I couldn't resist the temptation of closing out 2021 with a list of crypto's 2021 greatest hits. While I came up with a bunch, I had to narrow it to three.

Enjoy!

Greatest Hit #1: Jaw-dropping Research

There's no doubt about it: One of the greatest crypto hits of 2021 had to be the two bombshell research reports from mainstream financial powerhouses.

The first from consultancy behemoth Deloitte surveyed executives from around the world and found that blockchain would fundamentally change the way they conducted their businesses. And this seismic shift wasn't happening 10 or 20 years down the road. Nope, these corporate heads saw the shift happening in the next 24 months.

And that wasn't all. A staggering 81% of the executives thought that blockchain was both scalable and adoptable. And that means that getting their businesses in the blockchain game was not only doable, but it could grow with their businesses. In fact, three quarters said they didn't have much of a choice: If they didn't get in the blockchain game, they were going to lose competitive advantage. Continue reading "Our Greatest Crypto Hits Of 2021!" →

Moderating Valuations - Deploying Capital

Posted on by Noah Kiedrowski

Recent Turbulence

Inflation, interest rate hikes, employment, Federal Reserve taper, new omicron pandemic backdrop, Washington wrangling, supply chain disruptions, and travel restrictions are culminating and resulting in the current market swoon. September saw a 4.8% market drawdown for the S&P 500, breaking a seven-month winning streak. November saw negative returns, and thus far, December is off to a bad start. Prior to the September meltdown, stocks were very overbought and at extreme valuations as measured by any historical metric. Heading into September, valuations were stretched across the board, with the major averages at all-time highs and far away above pre-pandemic highs.

The recent two-week stretch over the November/December transition was met with heavy and vicious selling. Valuations have moderated overall and cooled investor enthusiasm, especially in the more speculative momentum stocks in cloud software, SPACs, and recent IPOs. The technical conditions (RSI and Bollinger Bands) are shaping up for a strong relief bounce that may coincide with the infamous Santa Claus rally. The tremendous volume of selling has inflicted damage across the board, indicating that valuations do, in fact, matter after all. Many opportunities are presenting themselves, and being too bearish may prove ill-advised over the long term.

Vicious Selling

As of the beginning of December, a third of the S&P 500 is off at least 15% from its high, and nearly one in eight Nasdaq stocks logged a new 52-week low. Furthermore, the CNN Money Fear & Greed Index, a composite of market-based indicators that gauge risk appetite across stocks, bonds, and options, dropped to its 2021 lows, seen during previously equity pullbacks. It has only tended to plunge below this when the market is in near-crash mode, such as December 2018 and March 2020. Continue reading "Moderating Valuations - Deploying Capital" →

Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a stock market forecast for the week of 12/19/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Weekly Chart - Stock Market Forecast

In last week’s forecast, I said... ”if we turn then things should begin to accelerate to the downside.”

Well, this week, the breakout attempt came and was rejected, so for the first time in what feels like forever, I have the confidence and clarity to call a significant market top and get aggressive this week!

It's been a long time of boredom and patience; may it pay off in the next few weeks! Continue reading "Weekly Stock Market Forecast" →

Welcome To The Santa Clause Slump

Posted on by The INO.com Team

Typically you'll hear a lot of hype around a Santa Clause rally this time of year, but it's looking more like we'll get a Santa Clause slump. Volatility has been intense this week, just one week after the indexes managed to break their losing streaks, but that momentum didn't carry through.

The DOW dropped 532.20 points Friday or -1.5%, to 35,365.44. The S&P 500 fell -1.03% for a second day to 4,620.64, and the NASDAQ ended the session -0.07% lower at 15,169.68 after briefly trading in the green. At its session low, the NASDAQ had dropped -1.5%.

The three major indexes posted a negative week, with the NASDAQ being the biggest loser with a -3% loss, while the DOW and the S&P 500 slipped -1.68% and -1.94%, respectively. Continue reading "Welcome To The Santa Clause Slump" →

The New NFT ETF: Here's What It's All About

Posted on by Wayne Burritt

Let’s get right to it. In the third quarter of 2021, trading volume in NFTs (Non-fungible Tokens) hit a staggering $11 billion. That’s up 704% from the prior quarter and a mind-numbing 38,060% from the year-ago period.

That’s right: NFTs have grown 38,060% compared to 2020. And frankly, these nosebleed numbers took me by surprise.

To add even more bullish power, the first NFT-focused ETF, Defiance Digital Revolution ETF (NFTZ), just hit the streets.

These developments meant it was time to take another look at NFTs and what’s really under the hood of this brand new NFT ETF, the NFTZ.

If you missed my article in October about NFTs, take a look when you can. In the meantime, it won’t hurt to do a quick review of NFTs before we dive headlong into the nuts and bolts behind NFTZ.

What Is An NFT Again?

NFT stands for Non-fungible Token. And to understand what that means, you have to get your head around fungible and non-fungible. Continue reading "The New NFT ETF: Here's What It's All About" →