It’s been a while.
I wanted to shoot you a little update on some market trends and news that caught my eye. Keep in mind these are subject to change every day. The financial markets are very over-reactive. Any slight news can destroy the thoughts here.
The stock market ended lower last week, which is to be expected on a long weekend. Good Friday was a holiday, and we almost always see people taking profits before a long weekend. Besides the long weekend, bond yields resumed their climb, which didn’t help the sell off.
It seems like Wall Street investors still have fear around economic data, geopolitical events, and mixed earnings.
Mixed earnings with roaring inflation is not a good recipe.
As of this writing, futures are bloody with VIX up 3%.
James Bullard, of the Federal Reserve Bank, will be speaking on the U.S. economy this week.
Bank of America is also expected to announce earnings this week. What does this mean for the outlook of the economy? We should be looking for signs of consumer spending and borrowing. Investors should also be watching how the impact of rate hikes are affecting banks.
Expect to see the state unemployment jobless claims to be released on Thursday morning as well. This usually has an effect on the market.
Earnings this week:
Netflix - Tuesday after market close.
P&G - Wednesday.
Tesla - Wednesday after market close.
AT&T - Thursday.
Snapchat - Thursday.
Verizon - Friday.
While we were gone, crypto had a good pump to the upside for around a month. For the past two weeks we have been cooling off a bit.
On high time frames, I am still very bullish. The MACD is crossing and the TTM Squeeze still shows momentum left to the upside on the Weekly Bitcoin chart.
Will Clemente, Lead Insights Analyst at Blockware, posted some on chain analytics that highlighted some interesting data. It looks like whales (whales = more than 1,000 bitcoin in their wallet) are accumulating at these levels.
I still am DCAing into Bitcoin and Ethereum. All while actively managing and trading alt coins. I still like layer 1’s the best. Especially $LUNA, with this big news that their stablecoin, $UST, is now planning to be backed by Bitcoin.
Have a good week and let’s make some money. Keep stacking.
Musk makes $43 billion offer for Twitter to build 'arena for free speech'. Read More
Powell May Be About to Seal Deal on a Half-Point Hike: Eco Week. Read More
Bitcoin holds $40K over Easter but thin liquidity, 'capitulation' risk haunt traders. Read More
Attacker Drains $182M From Beanstalk Stablecoin Protocol. Read More
Coinbase - Know someone curious about crypto? You’ll both receive $10 in Bitcoin when they buy or sell $100 or more on Coinbase!
Hacking the Twitter Algorithm - Your first step solution to growing your Twitter account.
Index Fund Investing 101 - Learn how to index completely autonomous in the stock market.
DeFi Cultivator - This set of videos will go through a few core concepts along with demos of swaps, liquidity pools, farms, and more.
Too Much Money - This guide takes you step-by-step through the way I personally invest for dividend growth. It works the same way whether you have $100 or $100,000 dollars making this an approachable book for growing your income.
How You Can Reach Financial Independence In 5-10 Years! - Route2Fi is going to show you the steps he is taking to reach financial independence, and now he is going to teach you to do the same!
You are receiving this letter because you signed up or purchased a course through me. Feel free to unsubscribe if you do not find this valuable.
Nothing in this email is intended to be financial advice. Always do your own research.