Happy new year to all our readers.

Is 2022 going the be the year of the great normalization for the valuation of all financial assets? If this is the case, we may well see the bubble in many assets classes deflate, cryptocurrencies may well lead the pack on the downside. The year started on a weak note, especially for the Nasdaq, whose components are very sensitive to interest rate and inflation. The cumulative advance/decline line on this market is still pointing down whereas on the NYSE it is holding fairly well, the flight to quality stocks and reasonable valuation may have started.

Very short term oscillator	Negative -
Short term oscillator	Negative -
RVI trend	Negative -
Trend short term (5 days)	Down ​
Trend mid term (8 days)	Down ​
Differential of trends	Down ​
Risk profile	52 (scale of 1 (low risk) to 100 (high risk))