Momentum Monday - Monday's Suck In Bear Markets and One Year Ago In Crypto
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Monday's suck in a bear market.
But, the show must go on.
As always, Ivanhoff and I tour the markets looking at the good, the bad and the ugly.
It is for sure ugly in crypto and software and growth in general (at least the growth I was accustomed to following with the last 10 years), but as we point out in this weeks episode, solar, old energy, defense stocks, select biotech/healthcare and boring consumer brands like McDonald's and Pepsi are holding up and in some cases - going higher.
One 'technology' growth stock on the verge of all-time highs is Taser ($AXON). It crashed with growth stocks into March and has mostly recovered. If I were to guess. they have a couple unique tech moats in the actual Taser gun and the private cloud network attached to the police cams.
You can watch this week's episode on Youtube, embedded below:
Here are Ivanhoff’s thoughts:
Here is this weeks Stocktwits momentum lists. The lists are free so sign up...it is where I start my weekly work to prepare.
One year ago in crypto life was good....today prices are down 70-90 percent...
Crypto as a whole (market cap) is down 70 percent in 2021, but still up 80x since 2013...so you won't kill the crypto fever even with all the fraud...
Have a great week.
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