from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Today:
1. Everyone is looking for the ‘January Effect’ to take place. This is where the markets rally in the first month of the new year.
2. Bond yields are on the move today. Yields on the 10-year U.S. Treasury Note are up 9 basis points on the first day of trading in 2022. i’m in the camp that yields have a lot higher to go this year. The 10-year yield could reach 2.25% to 2.50% this year.
3. Gold is falling on the back of rising yields and a stronger US Dollar.
4. Bitcoin still weak. Trading at the $47k level today. You’ll own nothing but an NFT’s.
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