DeFi started on Bitcoin.
Ethereum and Solana popularized it.
Now time for all of that activity to come back to the OG chain.
The one that is most decentralized, trustless, and secure.
Bullish on Bitcoin 🚀
"...even if not yet at the recession threshold, the US economy is much closer to recession than the market is pricing. (Joshi rule: when the 3-month moving average of the #unemployment rate of ‘job losers not on temporary layoff’ rises by 0.20 percent from its low during the previous 12 months)". -BCA (h/t @themarketear
@PathwayToFI@eugenekrabs1922@7Saturdaysaweek@ironmex27 I think there is a caveat to this data. College was much more affordable in real terms for boomers and gen x. Then when the government started subsidizing loans the cost went through the roof. It would be interesting to break this down by decade attending college.
#uranium
Futures have gone parabolic. With attention being directed to clean energy and the realization that wind and solar cannot provide the energy to power society more countries are turning to nuclear and the demand for uranium has skyrocketed. I prefer $URA for this trade.
Good morning and God bless! Combat your confirmation bias and focus on the #NextPlay.
Today’s Key Macro Events:
1. Brent Crude up nearly +4% as the US strikes back against Houthi rebels in Yemen. US and global equities flat-to-up on the day says more about positioning than fundamentals.
2. Q4 earnings season kicks off today with JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. No comment on these companies in particular, but our leading indicators suggest a recovery in corporate profits is underway.
3. Will the December PPI data at 8:30am ET also confirm a persistent-but-late-stage “immaculate disinflation” trend? Or will it signal to investors the start of a new inflation theme is upon us?
That’s all for now. Refer to today’s Leadoff Morning Note for a deeper dive on these catalysts, as well as a detailed refresh of our quantitative risk management signals. You’d be remiss to trade without them.
Have a great day!
The Fed wants you to know that the fight against inflation is over because the economy cannot sustainably endure this level of cost of debt.
However, the inflation genie is out of the bottle and a second wave is likely in progress.
Owning hard assets is the best way to protect the purchasing power of investors.
Insane day 1 volume for Bitcoin ETF - over $2 billion.
Rest assured Wall Street's already looking for it's next hit.
That's why the Ethereum ETF is going to happen.
It is written.
You can either buy ETH now or after it's approved.