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- 🌊 Economic Waves: Risk-On Frenzy
🌊 Economic Waves: Risk-On Frenzy
Wave #9
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Hey, Wave Rider!
Markets are on the move as stocks and crypto continue their upward trend following the Fed’s rate cut. However, last night’s escalation between Israel and Iran introduced fresh volatility, leading to a pullback in risk assets. Oil prices surged, highlighting renewed geopolitical risk, while capital shifted into Gold as investors sought safety amidst the uncertainty. Let's explore what this means for your portfolio and the opportunities that lie ahead.
This week, our Technical Analysis covers BTC. We cover Block on stocks. Follow the detailed plans carefully and pull the trigger only at the recommended levels. Finally, we provide updates on trading exchanges, Crypto and the AI sector. Enjoy, and good luck out there.
The Board
The Wave
We're keeping this week a bit brief.
This week, markets have embraced a risk-on environment as central banks in the USA and China double down on growth stimulus. China, in particular, has been aggressive, lowering borrowing costs, reducing mortgage payments, injecting $33.3B into its banking system, and slashing reserve requirements to boost lending and investment. They've also added $1.14B in direct support for stock trading, fueling a buying frenzy. With fiscal and monetary reflation running concurrently, it’s hard to see what could break the current momentum, except for the escalating conflict in the Middle East, which remains a potential tail risk. Oil prices have reacted sharply to the renewed violence, highlighting its role as the fuel of the global economy.
On the crypto front, Bitcoin has seen significant inflows, with $1.1B pouring into Bitcoin ETFs—the highest since June—while Ethereum has captured 15% of that with $160M in inflows. Despite some outflows from Grayscale, Ethereum remains strong. It’s clear that crypto interest is growing again, and we’re keeping a close eye to see if this trend will lead to crypto outperforming U.S. indices in the coming weeks. Will this be the moment when crypto regains its edge over traditional markets? Stay tuned.
We rode the wave!
KWEB - KWEB at 30.04, called the long to 31.50, and it rode to 36 and going 💰️ . Surf's up!
BTC - We shorted in at $65.5k, and rode the ETH wave all the way down to $60.7k. Surf's up!
DOGE - We went long at $0.11, and it rode all the way up to $0.128. Moonbag!
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