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Ripple Effect

Nasdaq Enters Nosebleed Heights

Loading ...Addison Wiggin

September 18, 2025 • 1 minute, 18 second read


moving averagesvaluation

Nasdaq Enters Nosebleed Heights

After Jackson Hole, the market priced in a quarter-point cut. Yesterday’s Fed announcement confirmed the cut. And the market reacted accordingly. Stocks rallied briefly, but then fell, briefly.

Jerome Powell insinuated there will be two more cuts this year.

So where does that leave us?

In overbought territory like we were on Tuesday.

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Tech stocks remain extremely overvalued relative to their moving average. (Source: Barchart)

In fact, if you follow technical indicators, the Nasdaq — a broad measure of tech stocks — is now “extremely overbought”… a level only seen in 0.4% of its history.

That’s less than half a percent, and it is likely the precursor to a correction when traders decide to take profits.

Our advice, “panic now, avoid the rush” and rotate your tech into hard assets such as gold , bitcoin, and commodities in general.

~ Addison

 

P.S. With further rate cuts on the horizon, traders will be rethinking their cash positions as yields drop.

This week on Grey Swan Live! with Adam O’Dell — at 2 p.m. ET, today, September 18, 2025 — we’ll be investigating the $10 trillion pile of cash sitting on the sidelines during the terrifying bull market on Wall Street.

Mr. O’Dell has been warning investors how impending changes to monetary policy are going to force savers out of cash and into the markets… or gold.

More details to come. Sign up now to become a member and join us for this week’s call.

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If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.com.


Bonfire in Timber (Prices)!

November 19, 2025 • Addison Wiggin

Timber is among several commodities declining this year. Oil, down 15%. Wheat minus 10%. Egg prices have gotten over the avian flu and are down 80%.

Lower commodity costs are good for consumers. They offset tariff costs to wholesalers. And they are good for this year’s political pet issue, “affordability.”

But they also reflect a sore spot in the overall economy. Lower demand for timber, a key component in housing, means builders aren’t building.

Many economists interpret lower timber prices as a sign that the economy is already in recession.

Bonfire in Timber (Prices)!
The Debasement “Trade”

November 18, 2025 • Mark Jeftovic

Bitcoin isn’t a trade and trying to time it with chart patterns generally does not work.

I’ve never really felt like technical analysis carried much real predictive edge in general and when it comes to BTC, I’ve seen too many failed “death crosses” to change my opinion.

The one that just triggered in mid-November as bitcoin flirted with $90,000 is just the latest.

What really matters? It’s a monetary regime change – if market participants are trading anything it’s getting rid of a currency (“it’s the denominator, stupid”) for a store of value – and we’re seeing it in spades with Bitcoin and gold.

The Debasement “Trade”
The Cult of Stock Market Riches

November 18, 2025 • Addison Wiggin

White-collar hiring is, in fact, slowing. Engel’s Pause is taking hold of the jobs picture.

In the meantime, everyday Americans are rediscovering an ancient truth: there is wisdom in wearing steel-toed boots.

Jobs that struggle to attract bodies in boom times are now seeing stampedes of applicants.

– Georgia’s Department of Corrections: applications up 40%.

– The U.S. military: reached 2025 recruiting goals early.

– Waste management staffing: applications up 50%.

For now, economists call this “labor market tightness.” Anyone who has ever scrubbed a grease trap knows it by another name: fear.

The Cult of Stock Market Riches
Whales Buy the Bitcoin Dip

November 18, 2025 • Addison Wiggin

Bitcoin has historically weathered 30%+ corrections while still in a bull market. 

Global liquidity fears and lower odds of a Fed rate cut in December are driving bitcoin and other cryptos lower at present. 

As Andrew Zatlin described on Thursday’s Live! we can expect a series of stimulus efforts next year, ahead of the midterms, driving new liquidity. The $2,000 “tariff rebate” checks President Trump has been touting are but one example.

When higher liquidity hits the market – in whatever form it takes – today’s bitcoin buyers will be waiting.

Make like the whales, and use market selloffs and stimulus to your advantage.

Whales Buy the Bitcoin Dip