Inflation Day. Feds Have More Work To Do
Good Morning Everyone!
Inflation:
+8.3% YoY in August. Higher than +8.1% expected.
Average interest rate of savings account in America: 0.06%.
Do with this what you want.
Data-light Session Ahead Of CPI Tomorrow
Good Morning Everyone!
Buckle up, one of our key indicators is flashing red.
Shaking Up The Stablecoin Scene
With the initial phases of the Merge underway, Ethereum (CRYPTO: ETH) has outperformed Bitcoin (CRYPTO: BTC) and the broader markets over the past week.
That includes the S&P 500 and Nasdaq.
Biggest Hike In ECB’s History
Good Morning Everyone!
Remember, investors building generational wealth don’t care what the stock market is going to do in the next 3 weeks.
1 Month Left In Q3
Good Morning Everyone!
Remember, in 2021 everyone said cash is trash. In 2022, it became the biggest bull market on the planet. Investing is hard.
Ticketing On The Blockchain
Cryptocurrencies have shown broad resilience since Powell’s hawkish comments last Friday.
In fact, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and the rest of the gang have collectively outperformed equities over the past week.
China News Starts The Month Of September On A Negative Note
Good Morning Everyone!
Remember, bear markets can make you a lot of money - it just feels like hell at the time.
It’s Month End. What’s Priced In?
Good Morning Everyone!
Remember, as bad as things may seem, history is on our side. The average midterm year – like this one – is typically down as of October 5. It finishes, however, up 6% on average.
Silent Wall Street Giant Wades Into Blockchain Tech
Ethereum (CRYPTO: ETH) rode the momentum of the upcoming Merge—which has been confirmed to begin September 6—to battle its way back to the 1,700 level this week.
MONDAY MARKET UPDATE – Jackson Hole Thursday, Powell Friday @ 10 a.m.
MARKET UPDATE
15% 2-month rally based on:
Decade low exposures (high cash levels, no hedge fund leverage)
Better than feared Q2 earnings
Peaking U.S. gas prices
Lower 10 year yield to 3% from 3.5%
Month-to-date