Opinion: The rise of cryptocurrencies strengthens consumers’ balance sheets

history may be about to repeat itself. Felix Zulauf, a well-known "prophet" and head of the Swiss consulting firm Zulauf, has expounded his typical harsh Swiss perspective on the global market outlook, which is always a useful addition to the optimistic speculations of most Wall Street prophets. Currently, Zulauf believes that the market will continue to rise. He acknowledges the widely publicized technical negative factors in the stock market, such as extremely optimistic sentiment indicating that investors are fully invested and there are almost no new buyers. At the same time, market winners continue to concentrate on large technology companies, and market breadth deterioration is also a warning signal. However, he believes that the positive liquidity trend should continue to push prices higher.