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98.4% Correlation With The S&P 500 (quit reading charts and just watch this?)

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JULY 26 2023
 
   
JEFFRY TURNMIRE’S HINDSIGHT HIGHLIGHTS
Central Banks Pull The Strings
 

About 2½ weeks ago, Jeffry posted an eye-popping chart in his Discord channel:
 
 
Here’s a closer look at that chart:
 
 
In short, when central banks print money, the S&P goes up.

And when they tighten their belts, it goes down.

So now the only question is why are we all sitting here going cross-eyed looking at charts all day when we could just follow the money and trade accordingly?

Well, believe it or not, for some of us this is fun. (yes, we know we need help)

But secondly, this is obviously a big picture view. If you want to know where NVDA is headed next week, it’s not going to help you much…

Still, it’s worth looking for a long term perspective on where markets could be headed.

Jeffry actually mentioned this chart on this past Friday’s episode of Ask The Pros.

Tune in at around 18 minutes 30 seconds to hear Garrett Baldwin talking about liquidity expansion continuing into 2026, when Jeffry chimes in with details about this chart.

Garrett makes some great points, so consider listening to the whole episode. It was chock full of great info.

Enjoy and trade safe!

— The Prosperity Pub Team

 
JEFFRY TURNMIRE
How Bitcoin Works
 

I’ve been talking a lot about Bitcoin lately. And I realized a lot of folks might know the word. And maybe have heard news headlines…

But many don’t really understand what it is or where it started.

So I figured I’d talk a little bit about that. Kind of giving you a 40,000 foot view of Bitcoin.

Bitcoin is a digital currency that was created in 2009 by a person or group of people under the name Satoshi Nakamoto. It’s actually a bit of a mystery, if you can believe it, in these days of the internet and AI knowing everything.

Bitcoin is not issued by any central authority, and it is therefore not subject to government or financial institution control, the way that dollars or credit cards or stocks are. (Although you can bet the government won’t quit trying.)

Bitcoin works by using a decentralized network of computers to verify transactions. This network is called the blockchain.

The blockchain is a public ledger that records all Bitcoin transactions. When someone sends Bitcoin to another person, the transaction is added to the blockchain. The blockchain is then verified by the network of computers, and the transaction is considered to be complete.

Bitcoin is secured by cryptography, which is a way of encrypting data so that it can only be decrypted by someone who knows the key.

Bitcoin is a volatile currency, which means that its price can go up and down very quickly. This volatility can make Bitcoin a risky investment, but it can also make it a good way to make money if you know how to trade it. (more on that later)

Although Bitcoin was first invented in 2008, it is still relatively new and is still evolving.

Bitcoin fans cite the many potential benefits to using Bitcoin, such as its security, its decentralized nature (no one person or government can control it), and its potential to be a more efficient way to transfer money.

But on the other side, Bitcoin detractors cite its volatility and its lack of regulation as negatives.

Until recently, if you wanted to capture the gains of Bitcoin, you had to be fairly technical, because using and trading it is not as easy as applying for a credit card or taking money out of the bank.

But recent advances have made it possible to reap the benefits of trading Bitcoin right from your own regular brokerage account.

As long as you can trade stocks and options, you have everything you need to get in on it.

And right now is an exciting time, because as the end of the month approaches, a repeatable pattern takes place on Bitcoin that artificially “deflates” the price — but only for a short time.

I’m actually going LIVE tomorrow at 1pm Eastern to share details about it. If you’d like to join me, just click here to register your spot.

Hope to see you there,

— Jeffry Turnmire

 
   
 

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