In This Issue
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- I share my thoughts on the fear in the current market, Tai Lopez’s NFT fail and Andre Cronje leaving the crypto space.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on fashion NFTs.
- Defi Dad has a tutorial for you on how to earn 11.69% APR with nLUNA vaults on Terra.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.
Also, every issue will contain more information, tips, hints, and analysis than you can make use of. It is up to you to decide what information shared here has value to you or not.
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What’s On My Mind by Lark
Fear, Fear, Fear…
Fear is in charge of the market right now. This is a very rare time in markets. Rarely do we see so many events happening at the same time that can have such a big impact and cause so much uncertainty.
Oil markets are soaring as both the UK and USA ban Russian oil imports and Russia threatens to turn off the tap to Europe. Russia is one of the biggest producers of oil and gas in the world. This could have a big impact as prices soar for basically anything that needs to be moved since transportation costs will soar.
Wheat and other commodities including metals are pumping. Russia and Ukraine are massive agricultural power houses and top global producers of wheat among other food products. Russia is also a mining giant with huge reserves of many key metals. Again, we look at many downstream unintended consequences.
Russian economic collapse is happening in real time. Russian equity markets have erased hundreds of billions in value. The Ruble has dropped from 70 to the dollar to over 140 to the dollar in just two weeks. Russian banks like Sberbank (bigger than Lehman Brothers BTW), are on the verge of collapse. Russian airlines will likely collapse. Western companies from Starbucks, to Volkswagon, to McDonald’s, to Coca Cola, to Netflix are pulling out of Russia leaving tens to hundreds of thousands of people unemployed overnight. The Russian central bank has also banned foreign funds from being able to sell their Russian equities, meaning hundreds of billions of depository receipts trading in the UK and USA are now effectively worth 0. How all of this plays out is a real wild card, and it could have far ranging impacts.
The Federal Reserve is meeting next week to decide on rate rises. Inflation is continuing to rise, and the price of most goods are likely to increase further due to the war in Ukraine. How the FED reacts will be a major factor for markets.
We are very possibly looking at a global recession. Now is a time for caution, let’s hope we either see some sort of major shift in the geopolitical situation or that crypto stops correlating and breaks away.
Silver Lining this week is…
