Hey, Ross here:
Today, let’s look at a chart that could indicate the market is firmly back in a “risk on” mood.
Chart of the Day
This is a chart showing weekly inflows and outflows into the various crypto ETFs.
Cryptos – no matter what they tell you – are at least right now, are firmly a speculative asset.
In case you weren’t aware, crypto took a heavy beating during the November pullback, with Bitcoin falling as much as 33%.
This isn’t too surprising.
There is a LOT of leverage being used in the crypto markets…
Which means that as markets move, shorts get liquidated – which then amplifies those moves even more.
There’s also quite a bit of the yen carry trade being involved in crypto, whereby the traders are borrowing cheap Japanese yen to buy crypto.
And when Japanese bond yields spiked last week – meaning the cost of borrowing yen also spiked – it sent a big negative shock through the crypto markets.
I won’t go too deep into that.
But what’s important here is to note that – after four straight weeks of outflows…
We’re once again seeing crypto inflows turn positive.
That’s a sure sign that risk appetite is returning – especially off the back of such a huge decline.
I explain why this is so critical below.
Insight of the Day
The beginning of the flip from “risk off” to “risk on” is where the biggest gains are.
In many ways, crypto is a leading indicator of market risk appetite.
And right now, the data shows we may have just entered the start of the flip from “risk off” into “risk on”.
That’s where the biggest gains are.
Because by the time “most” of the market is risk-on…
That’s when things start to get a bit overheated – setting the stage for another pullback.
Of course, like I’ve said, I expect December to be a strong month for the markets in general.
But if you want to capture the most lucrative gains – NOW is the time to act.
And in case you forgot…
Remember that in just a few hours at 11 a.m. Eastern today…
I’m going LIVE to break down a step-by-step process you can follow to target the most explosive breakouts in this market.
This process has been used by some of the best traders in the world, including multiple U.S. investing champions…
And it’s signaled moves of 163% in seven weeks… 270% in 10 weeks… and even 177% in just 11 days.
I’ll walk you through everything later this morning.
Again, this live breakdown is completely free…
So just click here to guarantee your spot if you haven’t yet…
And I’ll see you in just a bit at 11 a.m. ET.
P.S. If you’re planning to attend on a mobile device, make sure you download the presentation app now so you don’t miss anything when it starts. See you there.
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