More than just a number on a statement
Weekly Market Report The Fed told us what we expected to hear (+75 Bps) and SPY declined -4.21%. The Fear index as represented by VIX was up about 8.88% to levels not seen since June of this year. On Friday we briefly exceeded 32. The 2 year rate is now trading over 4% while the … Read more
The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and behavioral discipline that are likely to get you where you want to go. Benjamin Graham The Fed this week signaled further rates hikes to slow consumption and tame … Read more
Crypto.com has been pretty good to me for the past year however, they have Lowered the staking rates they pay back for the average account holder Their CRO has not done any better than Bitcoin (my crypto bellwether) They are going to remove both free Spotify and Netflix by the end of the year. They … Read more
S&P 500 Weekly Market Report — Let’s fight Inflation — this week was a roller coaster for sure. With Jerome Powell raising rates 50 basis points (as expected) the market rallied — then gave it all back and then some for the following 2 days. The S&P 500 index 200 EMA (red line) and the 50 EMA (green line) provided a … Read more
Weekly Market Report – Once again, the S&P 500 (SPY) ended the week down -2.39%. It is trading below the 200 day EMA (red line) and the 50 day EMA (green line). Technology was the worst hit sector, down over -5%, followed by Communication Services and Healthcare. The winners this week were Energy up 3.17%, … Read more
Weekly Market Report – The S&P 500 (SPY) ended the week down -1.52%. Healthcare, Natural Gas, Energy, Uranium, and Gold all outperformed the SPY. Technology, Real Estate, Homebuilders, and Semiconductors underperformed. The Weekly Crypto Report – BTC ended the week down -8.72%, and is struggling to hold above the 50 day EMA. If you enjoyed … Read more
Huge rise in 30 year mortgage rates over the past few weeks The 10 year – 2 year rates have inverted. This could be an indicator of recession months down the line. The S&P 500 retreated slightly from its recent breakout, but maintains the 200 day Exponential Moving Average. The VIX (fear indicator) retreated from … Read more
Let’s take stock of the current moment: inflation is running too hot as we exit the Covid 19 pandemic disruptions AND we are on the verge of WW3. Why do I mention this? Because in my opinion Bitcoin should have broken $100k based on this information. The main use case is two fold: Governments will … Read more
We have been going nuts lately riding this Bitcoin rocket fuel to profits. But remember we are not being stupid about it. We are not selling every other asset and putting everything into Bitcoin. We are devising clever strategies to capitalize on the large institutional interest in Bitcoin that is fueling the surge. In other … Read more