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BREAKING: The US SEC has officially approved spot #Bitcoin ETFs.
A monumental moment for crypto.
Below are the tickers of all approved spot #Bitcoin ETFs:
1. $BTCW
2. $GBTC
3. $IBIT
4. $EZBC
5. $BTCO
6. $BRRR
7. $DEFI
8. $HODL
9. $FBTC
10. $BITB
11. $ARKB
A monumental moment for crypto.
Below are the tickers of all approved spot #Bitcoin ETFs:
1. $BTCW
2. $GBTC
3. $IBIT
4. $EZBC
5. $BTCO
6. $BRRR
7. $DEFI
8. $HODL
9. $FBTC
10. $BITB
11. $ARKB
Key Events This Week:
1. 10-Year Note Auction - Wednesday
2. Crude Oil Inventories - Wednesday
3. December CPI Inflation data - Thursday
4. Initial Jobless Claims - Thursday
5. December PPI Inflation data - Friday
6. Total of 4 Fed Members Speak
Crucial inflation data ahead of the January Fed meeting.
$BTC $ETH $BNB #News
1. 10-Year Note Auction - Wednesday
2. Crude Oil Inventories - Wednesday
3. December CPI Inflation data - Thursday
4. Initial Jobless Claims - Thursday
5. December PPI Inflation data - Friday
6. Total of 4 Fed Members Speak
Crucial inflation data ahead of the January Fed meeting.
$BTC $ETH $BNB #News
US Labor Market Summarized:
1. 10 out of the last 11 jobs reports revised lower
2. ~25% of jobs gains in 2023 ultimately revised away
3. Government jobs accounted for 25% of December jobs gains
4. Part time jobs UP 762,000, full time jobs DOWN 1.5 million in December
5. Full-time job gains are FLAT for 2023 while part-time is up sharply
6. Inflation adjusted earnings ~3% BELOW 2021 levels
But still, the initial jobs number beats expectations and prints headlines before being revised lower.
How is this a "soft landing."
$BTC $ETH $ETH
1. 10 out of the last 11 jobs reports revised lower
2. ~25% of jobs gains in 2023 ultimately revised away
3. Government jobs accounted for 25% of December jobs gains
4. Part time jobs UP 762,000, full time jobs DOWN 1.5 million in December
5. Full-time job gains are FLAT for 2023 while part-time is up sharply
6. Inflation adjusted earnings ~3% BELOW 2021 levels
But still, the initial jobs number beats expectations and prints headlines before being revised lower.
How is this a "soft landing."
$BTC $ETH $ETH
BREAKING: "Buy now, pay later" sales hit a record $16.6 billion over the last 2 months, up 14% compared to 2022.
Online holiday shopping sales hit a record $222.1 billion in the last 2 months of 2023.
This is up 4.9% compared to last year and was largely driven by "buy now, pay later" financing.
1 in 4 Americans have now utilized "buy now, pay later" financing.
Typically, these loans do not require credit checks and come with high interest rates.
How can this end well?
Online holiday shopping sales hit a record $222.1 billion in the last 2 months of 2023.
This is up 4.9% compared to last year and was largely driven by "buy now, pay later" financing.
1 in 4 Americans have now utilized "buy now, pay later" financing.
Typically, these loans do not require credit checks and come with high interest rates.
How can this end well?
#The biggest consensus trade in the market?
Short bond yields.
62% of institutional investors expect bond yields to fall, pushing bond prices higher.
Just 6 months ago, only 10% of institutional investors held this view.
To put this in perspective, even in 2008 and 2020, we barely saw 40% of institutional investors expect bond yields to fall.
All as markets are pricing in double the amount of rate cuts compared to Fed guidance.
When the majority of people hold a view, it likely means that view is priced-in.
Today, the 10-year note yield is nearing 4.00% and a break higher would be huge.
In addition, the expectation of interest rate cuts in the market will pose a high risk for cryptocurrencies. Do not forget that cryptocurrencies are shaped according to world markets. $BTC $ETH $BNB
Short bond yields.
62% of institutional investors expect bond yields to fall, pushing bond prices higher.
Just 6 months ago, only 10% of institutional investors held this view.
To put this in perspective, even in 2008 and 2020, we barely saw 40% of institutional investors expect bond yields to fall.
All as markets are pricing in double the amount of rate cuts compared to Fed guidance.
When the majority of people hold a view, it likely means that view is priced-in.
Today, the 10-year note yield is nearing 4.00% and a break higher would be huge.
In addition, the expectation of interest rate cuts in the market will pose a high risk for cryptocurrencies. Do not forget that cryptocurrencies are shaped according to world markets. $BTC $ETH $BNB
Key Events This Week:
1. Markets Closed, Happy New Year! - Monday
2. ISM Manufacturing data - Wednesday
3. JOLTs Jobs data - Wednesday
4. Fed Meeting Minutes - Wednesday
5. ISM Non-Manufacturing data - Friday
6. December Jobs Report - Friday
Short but busy week to kick off 2024.
1. Markets Closed, Happy New Year! - Monday
2. ISM Manufacturing data - Wednesday
3. JOLTs Jobs data - Wednesday
4. Fed Meeting Minutes - Wednesday
5. ISM Non-Manufacturing data - Friday
6. December Jobs Report - Friday
Short but busy week to kick off 2024.
2023 Total Returns...
Bitcoin $BTC : +152%
Nasdaq 100 $QQQ: +55%
S&P 500 $SPY: +26%
Developed ex-US $VEA: +18%
Small Caps $IWM: +17%
Gold $GLD: +13%
REITs $VNQ: +12%
Emerging Markets $IEMG: +12%
US Bonds $AGG: +6%
Cash $BIL: +5%
Commodities $DBC: -6%
Volatility $VXX: -72%
Bitcoin $BTC : +152%
Nasdaq 100 $QQQ: +55%
S&P 500 $SPY: +26%
Developed ex-US $VEA: +18%
Small Caps $IWM: +17%
Gold $GLD: +13%
REITs $VNQ: +12%
Emerging Markets $IEMG: +12%
US Bonds $AGG: +6%
Cash $BIL: +5%
Commodities $DBC: -6%
Volatility $VXX: -72%
A look back on 2023 in the market:
Heading into this year, the average forecast showed the S&P 500 closing today at ~4,000.
Currently, the index is at 4,777, just under 1% away from a new all-time high.
In other words, we are approximately 20% above Wall Street's average year-end target.
Interestingly, just two months ago, the S&P 500 was trading at 4,100, roughly in line with the average year-end forecast.
These last two months caught institutional investors completely off guard.
The unexpected change is attributed to the "Fed pivot."
To succeed in the crypto markets, you can't do it without examining global markets. Follow me for more. #sp500 $BTC
Heading into this year, the average forecast showed the S&P 500 closing today at ~4,000.
Currently, the index is at 4,777, just under 1% away from a new all-time high.
In other words, we are approximately 20% above Wall Street's average year-end target.
Interestingly, just two months ago, the S&P 500 was trading at 4,100, roughly in line with the average year-end forecast.
These last two months caught institutional investors completely off guard.
The unexpected change is attributed to the "Fed pivot."
To succeed in the crypto markets, you can't do it without examining global markets. Follow me for more. #sp500 $BTC
Global bond index, up 9.5% in the past 2 months, marks the best gain in history, surpassing December 2008. Market futures show an additional 150 basis points in rate cut expectations since November 1st.
Unprecedentedly, markets project 6 interest rate cuts in just 2 months. Bond markets erase all 2023 losses in 7 weeks.
Describing this as a "Fed pivot" is an understatement.
The risk for crypto and other markets lies in increased volatility, potentially impacting prices.
#DXY #SP500 $BTC $ETH $BNB
Unprecedentedly, markets project 6 interest rate cuts in just 2 months. Bond markets erase all 2023 losses in 7 weeks.
Describing this as a "Fed pivot" is an understatement.
The risk for crypto and other markets lies in increased volatility, potentially impacting prices.
#DXY #SP500 $BTC $ETH $BNB
Over The Last 2 Months:
1. Futures have added 140 basis points of rate cuts
2. The 10-year note yield is down 120 basis points
3. Average 30-year mortgage rates are down 130 basis points
4. The S&P 500 is up 16% in just over 40 trading days
5. US Dollar Index has fallen 7% on Fed pivot talks
All while core inflation is still roughly double the Fed's 2% inflation target.
This can't be what the Fed wanted.
Expectations must be managed or inflation will return.
Follow us
$BTC $ETH $BNB
1. Futures have added 140 basis points of rate cuts
2. The 10-year note yield is down 120 basis points
3. Average 30-year mortgage rates are down 130 basis points
4. The S&P 500 is up 16% in just over 40 trading days
5. US Dollar Index has fallen 7% on Fed pivot talks
All while core inflation is still roughly double the Fed's 2% inflation target.
This can't be what the Fed wanted.
Expectations must be managed or inflation will return.
Follow us
$BTC $ETH $BNB
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DogeArmyComeBack
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📈Dogecoin to $12? Investor Says This Coin Below $0.10 Will Reach That Price Even Before DOGE Clears $1🦄
Why Dogecoin’s $12 Target Is Far-Fetched
Beyond its popularity and well-known supporters, Dogcoin’s path to $12 is full of challenges. Being a meme-based cryptocurrency, DOGE has sometimes been driven more by social media attention than by inherent technical worth or usefulness. Though its trading volume has stayed strong, there is no obvious market value estimate or use that might drive its price to historically extraordinary levels of $12. Dogecoin battled to top $0.75 even at the height of the 2021 crypto bull run, and it has subsequently settled in lower values. The price of the coin now is somewhat constant, much below past highs. Furthermore, lacking in DeFi and utility-based growth engines driving other cryptocurrencies is Dogecoin. Expecting Dogecoin to hit $12 seems more improbable without these fundamental elements.
Rexas Finance’s Potential to Hit $12 Before Dogecoin Reaches $1
The ambitious project plan and fast presale performance of Rexas Finance make it fit to reach important price benchmarks. Not unusual in the cryptocurrency space, Rexas Finance would have to rise 171-fold from its present $0.07 presale price to reach $12. Rexas Finance is positioned to maintain a steady increase with its utility-orientated approach and outstanding presale numbers. By contrast, dogecoin would have to rise more than six times to get to $1. Given its present price of $0.16 and a 24-hour trading volume devoid of any price movement, Dogecoin’s ascent to $1 looks difficult. With its usability and presale momentum, Rexas Finance is more likely to realize exponential growth that might propel it to double-digit values in the foreseeable future.
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