Bitcoin Selling ‘Feeds on Itself’, Stock Market Dip ‘Emotional’ not Fundamental
Schwab Network · Schwab Network
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Show Notes
Glenn Dorsey calls this earnings season “incredibly strong” and thinks a lot of reaction in the market was “emotional.” He thinks Kevin Warsh, the Fed Chair nominee, might have been “painted unfairly” as a hawk. He sees risks on the unemployment side, while inflation seems to be easing. On Bitcoin, he says the selling “feeds on itself” on these levels since many bought in around the 80,000s, and people don’t understand enough about crypto not to panic. He likes healthcare, particularly pharma.
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