According to BlockBeats, on August 5, Raoul Pal, former Goldman Sachs executive and founder of macro research firm Real Vision, posted on social media, “It’s too early to draw conclusions, but personally, I plan to increase my holdings of cryptocurrencies and technology stocks in the next week or so. I’m not looking to buy at the bottom…but to buy at a good price in the macro summer and autumn that we’ve entered (but was unexpectedly interrupted by Japan).
I personally think this is a violent washout and reset of risk leverage, and a strong uptrend will be the general feature of 2024/2025. Therefore, for me, this is the last chance to enter or fully build a position.
Fortunately, I have a source of income, so even though I am fully invested, I can continue to add to my position...that is, I will become even more fully invested.
I do think this is all happening too fast and liquidity/policy responses will take time, and we also know that every government and central bank wants a lower dollar and lower interest rates, so they may be inclined to let this go on for a while before stopping.
The Fed’s eventual rate cuts will also usher in a period of USD weakness, which helps shape the macro summer/fall.
Right now we are in the extreme fear zone. Hang in there and make a plan that fits your risk tolerance and time horizon.
Stay safe. Good things come to those who wait. The markets are never easy and the bulls’ job is to try to bring you down.
Relax. This too shall pass.”
