Exploring this week's US earnings reports, awaiting signals of economic recovery👀

Back on the US earnings side, we will see a full list of consumer-facing companies reporting next week, including Walmar, Target, and Home Depot to get the latest report card on the exceptional US consumer resilience. Q2 earnings is currently tracking -4% YoY, much better than the Street's forecasted 9% decline, with particular positive surprises in the consumer discretionary sector. Furthermore, Q2 earnings are widely expected to be the trough of the current slowdown cycle, with EPS expected to return to positive territory before the end of the year.

Positions wise, Morgan Stanley reported that dealers' net option gamma position has turned negative for the first time in many months, hence explaining some of the more exacerbated moves in equities over the past week. Furthermore, with systematic funds still holding extended long exposures in equities, markets still feel susceptible to a position-led sell-off in the near term. We continue to advocate taking a more defensive position at this juncture.

#USearnings #EPS #positions #funds #equities

Short #positions in #bitcoin are accumulating as its price rises above $30K.

_The world's largest #cryptocurrency Bitcoin (BTC) continues its strong rally and rises another 2.24% above $30,000 levels. However, derivatives data shows that short positions in Bitcoin are accumulating again. Short positions on BTC above $30,000 explains Ali Martinez, a famous cryptocurrency market analyst. With Bitcoin reaching around $30,000, about 60% of all Binance accounts holding open positions in USD BTC futures are taking short positions! The analyst also expects an imminent correction in the cryptocurrency price based on the technical chart setup. #Martinez said there is a growing discussion about the possible development of a head and shoulders pattern in Bitcoin's daily chart.

$BTC

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There's a significant gap in $BTC compared to last Friday's #CME closing price. For those who put the #shorts orders based on my advice earlier, you should already be holding short #positions . Continue to patiently wait for profit opportunities.
#Write2Earn

Continued sell-off of US Treasury bonds, multiple factors causing rise in interest rates🥺

Unfortunately, the temporary lull in China-led risk-off was no panacea for the US bonds sell-off, as stable initial claims (-11k to 239k) and rebound in Philly Fed pushed bond yields higher throughout much of the session. Philly Fed rebounded +25.5 points to print a +12 headline for the first positive print since a year ago, significantly above forecast. The move was led by general improvements across all sub-components, but particularly with a 30-point surge in new orders. 30yr real yields (inflation-adjusted) went to fresh highs at 2.10%, while the yield curve continued to bear-steepen as well as the move higher in discount rates is now being led by the back-end and economic improvements, rather than a hawkish Fed. 10yr yields hit cycle highs at 4.33% before rebounding somewhat into the close as equities continued falter, with the fear of a large risk-off move causing traders to pare some of their short bond positions.

#US #treasury #Bond #Fed #positions

A whale in the cryptocurrency market reportedly used 11,200 ETH (approximately $18.36 million) to acquire 9,839 wstETH through the 0x362 address. Subsequently, the whale used the wstETH as collateral to borrow 10 million USDT, which was then used to purchase 6,081 stETH at an average price of $1,644. Notably, this same whale was previously involved in boosting the LINK token on July 20th and had also leveraged ETH through the 0x8b9 address five days ago.

This activity highlights the use of #leverage and various strategies by large investors in the crypto market to optimize their #positions and potentially #profit from price movements. It's #important to note that such #trading activities can be highly speculative and come with significant risks.

$ETH $ETC $USDC

🚨🚨TIPS FOR SAFE AND PROFITABLE TRADING

⚫Take Profits and Rest: Secure substantial gains and take breaks. Avoid letting greed take over.

⚫Address Losses Promptly: Stop #Tradingnow if losses exceed 10%. Analyze and correct the root causes.

⚫Act on Clear Signals: Only trade when market signals are clear to avoid #losses

⚫Avoid Chasing Surging Assets: Avoid assets that have surged over 50% to prevent falling into #Trap

⚫Be Wary of Post-Rally Volumes: High volumes after rallies can be traps. Maintain control and resist #buying

⚫Buy Low, Wait for Pullbacks: Buy during weak phases and wait for corrections in strong phases for stable returns

⚫Build Positions Cautiously: Add to #positions only with 90% confidence. Build in stages to minimize risk

- Crypto investor and Mechanism Capital co-founder Andrew Kang faced substantial losses on August 18 due to the market crash.

- Kang took long #positions on BTC, ETH, and ARB.

- The use of #high leverage, up to 100x, led to the #liquidation of each of his #long positions.

- He experienced a total of 14 liquidations, ultimately incurring #losses of about $432,000 in just one day.