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Ethereum And S&P 500: Animal Spirits Aligned

Published 03/24/2022, 03:18 PM
Updated 07/09/2023, 06:31 AM

One would think that the securities representing ownership of corporations and the world of digital currencies would have virtually nothing to do with one another, but in this all-assets-aligned world of ours, that isn’t the case. Once again, Layered Charts come to the rescue.

Check out Ethereum versus the SPDR S&P 500 (NYSE:SPY) over the past five years. For a few years, they sorta-kinda had something to do with each other, but in the past couple of years, they’re virtually in lockstep. Market psychology reigns supreme!

ETH/SPY 5 Years Chart

Here’s just the last year, in which recent months have shown an almost comic alignment between the two.

ETH/SPY 2 Years Chart

Latest comments

Tim, the liquidity should start to wear doen, but i coulnt help but notice the Fed somehow gave those 24 investment banks 50 billion last week ( thought Fed would be stopping QE by now ) i also noticed 100 b came off the RRP last night! I supect “Sophie’s choice “ may be real estate if the plan is to stop the yields from inverting….
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