Good morning. Here’s what you need to know this Tuesday.
I remain active in the cryptocurrency markets because I believe cryptos are the future of money itself. So I’m always on the lookout for indicators of major shifts. One of those indicators is a stock market correction or the beginning of a bear market on Wall Street because where might investors put their money if it’s out of the market? Some of them will pile into Bitcoin, Ethereum, Litecoin, and a number of others. Investors seek a return and I think they’ll find it in the cryptocurrency markets. So Goldman Sachs comes out yesterday and says that because investors fear a market correction, one is unlikely in the near-term. Fourteen months have passed since a 5% drop in the S&P 500, and it’s been 19 months since the last market correction. Nonetheless, one Goldman analyst says a market correction is unlikely this year. [source]
We’ve watched this year as the Pentagon begins major focus on the Arctic. Embarking on a military strategy for the region earlier this year, Pentagon leaders are concerned that Russia’s militarization of the region could pose a national security threat. Russian strategy bets on receding ice sheets revealing or providing easier access to oil, so the Kremlin’s been building new military bases and creating Arctic units. Senior Air Force leaders are in the Arctic this week to study these changing conditions. “The Air Force says its objectives are to prevent and deter conflict in the Arctic and prepare responses to a range of challenges,” reads one report. Climate change is one key reason the Air Force is taking a closer look at the Arctic, but I’m willing to bet serious money that the greater reason is to check out what Russia’s been up to. [source]
Don’t Miss
- Forward Observer Podcast Episode 075: Low Intensity Conflict & Rules for Resistance
- “Antifa isn’t a hobby or a fad”: Q&A with Mark Bray
- FO’s Low Intensity Conflict Blog
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