Magic Capital

Retail-sized equity, institutional-sized ego, and a macro focus #bitcoin

[Magic Capital @Magic_Capital]

UK Trade talks are nothing-burger. China talks unknown. Feds holds rates. Stagflation risk up. 200MA overhead. Bearish $spy

[Magic Capital @Magic_Capital]

$BTC breaking out. Love to see it. Needs to catch up with #GoldPrice

[Magic Capital @Magic_Capital]

Still flabbergasted by $QQQ intraday move today

[zerohedge @zerohedge]

*MSCI ASIA PACIFIC INDEX SINKS 7.1%, SET FOR WORST SINCE 2008

[Magic Capital @Magic_Capital]

$BTC >$100,000!

[PlanB @100trillionUSD]

I expect $55k bitcoin at halving, $100k in 2024, $532k in 2025:
https://t.co/TSo7TpNfzb

[Magic Capital @Magic_Capital]

It's not a #recession, it's productivity from #AI

[Wall Street Mav @WallStreetMav]

Trucking employment is falling off a cliff.

Historically, when we see trucking employment declining, that has been an indicator of recession. Although, now that we have changed the definition of “recession” there is no telling where these historical indicators matter. The media has outlawed recessions now.
🔥🔥🔥

[Wall Street Mav @WallStreetMav]

Trucking employment is falling off a cliff.

Historically, when we see trucking employment declining, that has been an indicator of recession. Although, now that we have changed the definition of “recession” there is no telling where these historical indicators matter. The media has outlawed recessions now.
🔥🔥🔥

[Magic Capital @Magic_Capital]

@WallStreetSilv All of those listed companies are asset managers of index ETFs which are the primary investment allocation across most American 401ks. They're the primary shareholders across ALL companies, not just the sectors that fit this narrative.

[The All-In Podcast @theallinpod]

2,851 Miles by @bgurley from the @allinsummit

now available in full on @x

(0:00) 2,851 Miles
(24:44) In conversation with @bgurley

[Magic Capital @Magic_Capital]

#PhiladelphiaEagles beat Patriots 25-20 on the night they honor Tom Brady. Defense really delivered and made up for Hurts' fumble. Cox, Slay, and Blankenship doing damage. Home opener about to be lit #GoBirds #FlyEaglesFly

[Wall Street Mav @WallStreetMav]

Mortgage applications to buy a house are now lower than back during the post real estate recession GFC time period of 2009 to 2015.

That impacts many different job categories. Real estate agents, home inspectors, mortgage brokers, all of the loan processing employees and many other job that are now in a deep recession.

I saw one stat that there are more real estate agents with active licenses than there are listed properties on the market. I am not sure if that one is true, but it wouldn't surprise me.

Credit on the chart to Reventure Consulting.

[6529 @punk6529]

1/ On Governments & Public Blockchains

We spend so much timing talking about what stupid things governments should NOT do with blockchains, that we often forget to discuss what they SHOULD do

Governments should mandatorily use blockchains for their own spending

[Bravos Research @bravosresearch]

Low unemployment rate and an inverted yield curve are warning signs that we can’t afford to ignore

Sharp stock market drawdowns are correlated

Here's what you need to know 🧵

[Michael J. Kramer @MichaelMOTTCM]

Fed Funds Futures now pricing in a terminal rate of 5.15%. Big changes can happen quickly.

[zerohedge @zerohedge]

Eagles

[Magic Capital @Magic_Capital]

@MarketRebels $MARA calls at the open

[unusual_whales @unusual_whales]

JUST IN: America’s gross national debt has now exceeded $31 trillion for the first time ever.