Are You Prepared for the Turbo Pump?
296: You don't Get Unlimited Chances
For a few days there I was puckered up — we got a classic down only series of crypto dumps. To be blunt though — not super surprising with the full swing of summer kicking in.
If you missed some of our top read posts in the last week or two you can find them below:
After some basic research it was apparent the Germans )specifically the German government) was one of the main culprits absolutely dumping sack for days on end — a digital asset blitzkrieg of sorts and our portfolios were Poland’s border posts.
But more on that later.
I’m going to be out East raging face for the next few days so I wanted to pack everything we could into this morning’s post — if yall have DMs or requests for topics to be covered next week feel free to shoot me a note between now and Sunday.
Next week’s going to suck work wise but that’s what 3 day benders are for.
We will start with the most relevant macro updates impacting markets and politics and then dive into crypto. In the crypto section I am going to list the assets and coins/tokens I am most bullish on moving forward and I will list the most pertinent and bullish updates in the space we’ve seen play out over the last two weeks. There are quite a few to list.
On top of that CPI came in lower than expected posing the possibility of rate cuts before the end of 2024. As of this morning the DXY is falling, crypto is pumping, and all eyes are on equities to see how traders and the market feel about this print.
There is a substantial amount of intel and information you should be up to speed on if you want to navigate markets effectively over the next several months.
Today’s post will be structured as follows:
Macro updates - world news, geopolitical updates, US news
Crypto overview - bullish catalysts and news developments, tokens I am buying, and my thoughts on a potential turbo pump looming
Quick review of my equity activity and bets in place for the end of 2024
Election thoughts, relevant updates
With the job market softening (anybody who’s interviewing or looking to move jobs will tell you this), inflation softening, and the US election looking more uncertain there’s the chance for a whole range of outcomes to play out before year end — most of which we can all capitalize on if we play it smart.
Macro
The world has entered a strange holding pattern since the height of the troubles in Ukraine and attacks on Israel.
The US election has never been more uncertain — we have Trump’s pending trial, Biden’s abysmal debate performance, and the question of a Biden replacement fresh on the world’s mind. In France another sus election played out crushing the hungry right leaning party that appeared to have literally all of the momentum only a few weeks ago.
Kind of tough not to generate support when your country is being ravaged by unchecked immigration but I digress. Never-mind that an Algerian immigrant slit the throat of a 57-year-old Frenchman in an unprovoked attack this week. Also the 1,000-year-old Rouen Cathedral in Normandy, one of France’s most iconic landmarks, erupted in flames today — I’m sure it was just an accident from the Pizza Ovens inside right?
I’m sure Europe will figure it out — in the meantime many countries are actively preparing for armed conflict….
There are several significant updates in Ukraine — some we should all be aware of. The Nuclear conversation should not be glossed over, as the US and NATO are taking seemingly strong steps to ratchet up involvement in Ukraine.
Poland and other European countries are bracing for war. In other news popular normie instagram influencer Tony P did a bizzare partnership with NATO. Always knew he was a Fed……
NATO allies have begun to transfer US F-16 jets to Ukraine: Sec. Blinken
Russia is planning a 'response' to contain the 'serious threat' from NATO: Kremlin (InsiderPaper)
The United States is set to deploy Tomahawk cruise missiles and other long-range weapon systems to Germany — (n-tv)
Federal Reserve Chair and Size Lord Jerome Powell says he hasn't had any meetings, syncs, or calls with President Biden since 2022.
Poland must prepare the army for a full-scale conflict, army chief of staff General Wieslaw Kukula says at a press conference.
Ukrainian President Volodymyr Zelensky is reportedly “concerned” about Joe Biden’s health after watching his debate performance (LeadingReport)
An anti-terrorism brief was held on Fort Liberty (Bragg) this week where they listed several Pro-Life organizations as “terrorist organizations.” (@samosaur Twitter)
In case you were planning on booking any domestic flights — might be wise to rethink that, as issues just keep piling up. Just this week:
American Airlines flight 590 out of Tampa, Florida narrowly avoided disaster after the plane suffered multiple tire blow outs during it’s takeoff
The Federal Aviation Administration is investigating another incident this week where two planes from American Airlines and Delta almost collided in the air over Syracuse, New York
Might just have to road trip this summer.
Crypto & Markets
If you recall one of my crypto guides from over a month ago I called this sell off as a potential scenario. While the hot discount deals phase may be over the best thing you can do now is get your ducks in a row for the potential super pump to come in the Fall.
People are going to make life changing money in the coming months. Are your bags packed with the proper assets?