Crypto & NFT enthusiast!
Degen memecoin trader! Big fan of BASE. $TOSHI to 10 billy! $MOCHI to 5 billy! $TYBG to 5 billy!
@doodles #378 and so so much more!
gm to everyone getting the McCafé x Doodles holiday cups today • ᴗ •
🎶music: Good Mornin’
artist: @marleybleuberry
produced by: @Pharrell
video directed by: @doodles@burnttoast
I SHOULD HAVE BOUGHT MORE!
……will be the most commonly used phrase you will hear for the next one year…..
……and after that…..
I SHOULD HAVE SOLD
……will be the most commonly used phrase u will hear for 3 years.
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IT’S OFFICIAL: The flavors of this summer are: ‘PIVOT’ and ‘SOFT LANDING’
Last night’s speech by Jerome Powell clearly indicated the FEDs are gonna cut rates in their next meeting in September. There is loads of speculation as to how deep the cut will be. Some say 25 basis points, some say 50 basis….hell, there is also a group of economists expecting a 75 basis point cut. We’ll just have to wait and see. For now, let’s not speculate on how big or small the cut will be. Let’s first determine what the outcome of this pivot, or loosening cycle, will be.
History suggests that cutting rates have caused both a bear market and a bull market for the stock market, and for world markets, in the past. So what’s gonna happen this time?
It’s simple…..
In history, whenever the Feds made an impulsive decision to cut rates in the aftermath of a string of poor economic results, be it high inflation or high unemployment, there has been a subsequent bear market, in which buying the dip will be like catching a falling knife.
However, whenever the Feds have made a calculated scheduled decision to cut rates after a gradual string of impressive results over several months, a bull market has followed.
It is very safe to say that the latter scenario is playing out.
- 3 weeks ago the Feds met to decide that rates will be unchanged for now….
- 2 weeks ago the stock market tanked over fears of a recession.
- A week ago certain economic results suggested things weren’t as bad as feared, and all the losses suffered were gained back within days.
Had the FEDs called an emergency meeting right after the collapse on Black Monday (5th August), and decided to cut interest rates with immediate effect, then panic would have certainly set into the markets and things would have collapsed further, resulting in a bear market.
But there was no such emergency meeting.
There was no such panic cut of interest rates.
No impulsive decisions were made.
Credit to Jerome Powell and his team, they weathered the storm and called it a bluff only to be proved right.
So gentlemen, start your engines. The Bull market officially begins now. It might not happen in a week or a month, but in 6 months from now you will be wishing you had bought this dip!
Meanwhile, I’ll be off to a nearby ice-cream parlor, where they’ve just introduced 2 specials of the week:
- The ‘PIVOT’ cookies and cream special
- The ‘SOFT-LANDING’ sorbet special
Which to order? Any suggestions?
$BTC $SOL $TOSHI $MOCHI $TYBG