In This Issue
- I share my thoughts on the state of the market, Credit Suisse, bonds in bad shape, QE infinity, Solana goes down again, Ethereum layer twos & the big picture.
- Rekt Capital has the latest technical analysis for you on the market.
- Erik has a report for you on the SEC vs Ripple lawsuit.
- Defi Dad has a tutorial for you on how to earn 6.18% fixed APR (and possibly higher!) with DAI on BarnBridge V2.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
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What’s On My Mind by Lark
The State of the Market
The equity markets had a nice bounce at the start of the week this week.
Everyone is whispering about the potential for a FED pivot. That would be a change in policy at the Federal Reserve. In particular stopping interest rate hikes or at least starting to taper them off.
The next inflation data release is on the 13th of October, the next FED meeting is on the 2nd of November. These are the key market moving events moving into October. These are the events that will determine IF we get a pivot from the FED or not. To be clear, a FED pivot would be bullish for markets.
Also, to be clear, the markets have many headwinds and there are many factors which can derail the markets still. Some of which we will discuss in a moment.
IF, potentially BIG IF, we do not get a total meltdown as a result of all of the market dysfunction then that provides a window for a “hated rally” when much of the market is on the sidelines in cash and basically a massive squeeze pushes prices higher. Remember, bear markets also put in some of the biggest rallies in markets.
The S&P 500 has just had a very nice start to the month. And while we did trigger the “kiss of death” pattern on the S&P 500, there is no guarantee that this will result in a catastrophic collapse. However, we should be very skeptical of any rallies and always be ready to book in profits when we have them.
This is a bear market until otherwise stated.
Bitcoin has also broken above the downtrend line on the linear chart. Volume is super convincing, so that makes the likelihood of a fakeout higher.
Bitcoin has hit its highest correlation with gold in more than a year. Which is noteworthy. Perhaps we are seeing more interest in gold as a store of value at these prices from long term value investors.
Credit Suisse
Major international bank Credit Suisse is rumored to be in dire straits. The bank has 1.5 trillion in assets under management. The knock-on effects from this could be catastrophic. The bank says they have “a strong capital base and liquidity”… I feel like I have heard that story before…
The CFO of Lehman Brothers literally said “Our Capital position is strong” a week before they went under.
The bad news here is that many other banks are also taking huge hits including Deutsche Bank which has 1.3 trillion assets under management. Remember many of these banks are deeply interconnected and a crisis at one can spread like wildfire.
The surging dollar, stock crash,…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
