Cédric Froment

Tout monte ! Le retour de l'argent "facile" en bourse...?

The speaker begins by noting an unusual market situation where everything is rising simultaneously: U.S. equities are in a bull market, crypto markets are becoming attractive again, and commodity markets are explosive, with oil in a market rocket situation and the DBC commodity ETF reaching new highs. While such short-term correlations can lead to rapid and strong gains, they are not sustainable long-term. The speaker will share their mental image for this positive correlation across asset classes, suggesting that one will eventually outperform the others, but it will be a temporary event, one cycle overlapping another. The speaker also announces a two-week family vacation, which may interrupt the Saturday video schedule, but confirms that arbitrage trades for their All-Weather Impulse portfolio will be communicated next Friday. Analyzing Bitcoin (BTC), the speaker states it's in a similar situation to the previous week, moving from a bear market to a range market. As long as a key resistance level becomes support, it remains a range market. To enter a bull market, BTC would need to break all-time highs (ATHs), which is currently far off. However, re-entering a range market is positive for the coming months. The invalidation scenario for the range market would be a drop below the current level, indicating a contraction of liquidity. The speaker highlights that the U.S. market, discussed later, is showing very positive signs, aligning with investors regaining appetite for risk and potentially returning to crypto markets in the coming months. The current scenario anticipated is a rebound from the bottom of the range to the top, which could then define a bull market continuation pattern, specifically a "cup and handle" formation, though this is not yet present.