With the Stock Market making new all-time highs every month, you would think that American consumers would be a little more optimistic.
You would think...
The S&P500 keeps hitting new all-time highs. Same for the Dow Jones Industrial Average and the Nasdaq100.
More recently the S&P600 Small-caps, Dow Jones Transportation Average and Bitcoin all joined the New All-time highs list.
And yet...
Sentiment is still way down in the dumps.
The University of Michigan Consumer Sentiment data goes all the way back to the 1950s. So this isn't some kind of random johnny-come-lately poll.
There's real data here that reiterates how bull markets end with too much optimism, but thrive throughout periods with too much pessimism.
Currently, it's the excess pessimism that continues to drive the returns in Stocks, Crypto and other risk assets.
We've been buying Crypto very aggressively, and this chart right here is part of the reason that we've had the confidence to approach this market as optimistically as we have.
But wait...
There's more!
A nice key driver for stocks and other risk assets is now the large segment of angry libs who can't stand to see these assets doing so well, with the guy they hate as the President of the United States once again.
It's a beautiful thing.
And I'm not being political here. It's not about whether you like the Orange man or hate him. This is not the point I'm making.
I'm specifically referring to former bulls and historically open minded participants, that are now letting their hatred for the man get in the way of sound decision making.
We saw this in 2016-2017 after Trump won the first time.
Their pessimism, whether psychologically manufactured or not, is a tremendous tailwind for stocks and crypto. The last thing the orange man haters want to see is him and all his cohorts turning out to be absolutely right about the success of Crypto, due to the deregulation that they're bringing to the industry.
So you combine the new all-time highs in Bitcoin, with new all-time highs in stocks, an already historically pessimistic consumer, and now you also get a large group of "intelligent" investors going in the wrong direction because they can't overcome their political biases.
It's great.
They say that you shouldn't kick someone when they're down. But that's actually the best time to kick someone - while they're already down.
Press your foot down on the neck of the angry folks (metaphorically) and make them watch these prices squeeze in their faces. This pain trade continues to work.
And that is still our plan here until further notice.
If/when things change, we will act accordingly.
But it's all systems go right now and for the foreseeable future.
Do you want to go at this bull market alone? Or do you want to navigate this market every day, every week and every month knowing you have an entire team of Crypto experts, quants Technical Analysts and Traders by your side for the entire ride?
We're running special discount for a year of ASC Crypto or a Lifetime offer if you want to lock in this discount for this entire bull market, and then next one.
The time is now.
These tokens are ripping hundreds of percent over weeks at a time.
