Peter Hoogeveen

Wealth consists not in having great possessions, but in having few wants.

[Peter Hoogeveen @Opethftw]

@pcgamer No, it bounced on strong support at $150, you don't need another narrative

[Peter Hoogeveen @Opethftw]

@CryptoJelleNL sellidol, is dat een nieuw anti-depressiva? 😅

[Peter Hoogeveen @Opethftw]

@LoadedEN Ok, Ok, you got me... I'm the proud owner of 3 MORE games in the backlog... you happy now!? 😅

[Peter Hoogeveen @Opethftw]

@LevenvDividend Hoppa!

[Peter Hoogeveen @Opethftw]

@dividendology $BAC $COIN $MAA

[Peter Hoogeveen @Opethftw]

@KillaXBT Weak fools, Killa, all of them!

[Peter Hoogeveen @Opethftw]

@Vincentmtrading Lekker heur, gimme ur sats pussies!

[Peter Hoogeveen @Opethftw]

@CryptoJelleNL Love it, just stacked some more sats.

[Peter Hoogeveen @Opethftw]

@benjamincowen

[Peter Hoogeveen @Opethftw]

@KillaXBT 🤣🤣

[Peter Hoogeveen @Opethftw]

@Warcraft And I couldnt even sub to play it in EU

[Peter Hoogeveen @Opethftw]

@jaynemesis Cybertruck has to be the ugliest vehicle yet and thats including this thing.

[Peter Hoogeveen @Opethftw]

@Jokereed Look at all the salt hahaha, what a bunch of little girls. Congrats @Jokereed 😁 you did it mang!

[Peter Hoogeveen @Opethftw]

@KillaXBT Yeh, but don't forget there are a lot of people reading these tweets that have $300 in btc. It might be generational for you, but it's not the same for a lot of other little guys on CT I imagine 😅

[Peter Hoogeveen @Opethftw]

@CryptoJelleNL Congrats! Have fun!

[Peter Hoogeveen @Opethftw]

@MsVeilMoney Tesla and spacex

[Peter Hoogeveen @Opethftw]

@benjamincowen Never doubted your takes, love to see it

[Benjamin Cowen @benjamincowen]

The NASDAQ has already given back all of its post-midterm gains, down another 3% today.

Similar thing happened in 2018.

Lot of exuberance following the midterms in 2018 (SPX rallied 2% the next day), then 3 major events caused the market to sell-off into December.

1) A Hawkish Fed: In October 2018, Fed Chairman Jerome Powell remarked that interest rates were still a long way from neutral, signaling to investors that the Fed would continue tightening monetary policy into 2019 regardless of cooling economic data. This triggered severe liquidity fears and widespread panic selling.

This is similar to today in that the market is pricing in 2 more rate hikes despite the sell-off we have seen in tech.

2) Escalating U.S.–China Trade War : Just before and after the midterms, a flood of major multinational companies (including Caterpillar, 3M, and Ford) warned that rising tariff costs were eating into their profit margins and disrupting global supply chains.

This is similar to today as tariffs have had major inflationary effects and is one of the reasons why the Fed has to remain hawkish.

3) Tech Valuation Reversals: The technology sector, which had been the primary engine driving the multi-year bull market, abruptly reversed course in late 2018. We also had the FAANG slump in which major tech giants faced severe regulatory scrutiny over antitrust and data privacy concerns (such as Facebook's controversies).

This is similar to today as the AI trade has taken quite the breather with AI fears mounting.

History does not always repeat itself, but it does often rhyme.

[Peter Hoogeveen @Opethftw]

@VikingAmerican9 @pcgamer I agree!

[Peter Hoogeveen @Opethftw]

@CryptoJelleNL Looking. Respectfully.