8-19-25 What is Bitcoin Telling Us Now?| Before the Bell

Markets have been very slowly climbing a wall of worry over the past few weeks. While August tends to be a weaker month for markets, such has not been the case thus far. However, negative divergences in relative strength, money flows, and momentum have belied an underlying weakness in the markets. The NASDAQ has been doing well with the drive to chase technology stocks, but that trend has weakened even more than the S&P 500, creating a divergence between the two indexes. A look at Bitcoin, which is a proxy for risk-taking, and for which there is a high correlation with the NASDAQ, also shows some weakening. Bitcoin has triggered a sell signal, and is starting to show a downtrend in relative strength. This doesn't mean markets are about to crash; this could be just a prelude as investors remove risk ahead of the Jackson Hole symposium later this week. IF Jerome Powell comes out more-dovish, we could see markets strengthen. Remember, this has been a market driven by the top ten stocks; performance has been concentrated in Tech and Financials. That kind of bifurcation in the markets is worth paying attention to. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the Video version of this report on our YouTube channel: https://www.youtube.com/watch?v=CWwtLllMsS8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Articles mentioned in this report: "US Economic Growth Shows Cracks" https://realinvestmentadvice.com/resources/blog/us-economic-growth-shows-cracks/ "Meme Stock Trading & Livermore’s Approach To Speculation" https://realinvestmentadvice.com/resources/blog/meme-stock-trading-livermores-approach-to-speculation/ ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next Candid Coffee, "Savvy Social Security Planning," August 23, 2025: https://streamyard.com/watch/pbx9RwqV8cjF ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #BitCoin #JacksonHole #FederalReserve #JeromePowell #MarketCorrection #MarketRisk #AIstory #MarketWeakness #AllTimeHighs #SectorRotation #NASDAQ #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing