If you have any sense about you — you’re probably looking at the last several days and you’re wondering how much crazier 2024 can get.
You’re not alone.
The answer is much crazier.
In the past few days P Diddy has fled from federal law enforcement due to being linked to a sex trafficking operation, a boat has destroyed the Francis Scott Key Bridge in Maryland, Russia’s intelligence arm FB has announced they have evidence of Western involvement in the terror attack last week, New York City has and many Americans are feeling something peculiar in the air — the sense that everything is not right.
Today’s post will be structured as follows:
Key Crypto & Market Updates
My portfolio allocation for all assets
Where we are in the cycle
Which assets will pump in the coming months
Meme coins, quality holds, and expectations for 2024
Security/Risk Updates For The US
The recent Francis Scott Key Bridge collapse in Maryland
The acceleration of the decline of infrastructure/services in the US
Crime & social updates
Quick summary of Geopolitics
The goal is to synthesize the most relevant updates, pieces of alpha, and pointers to put you in the best position to succeed financially, socially, and personally. There’s a lot of noise at the moment — many people have no clue what’s true and what’s actual misinformation or deception.
Failing to take some of the points we will cover today to heart will put you at a material disadvantage as the year goes by. You might:
Fall behind financially or worse, miss a chance at generating life changing profits in various asset classes
Get sucked into emotional political arguments, ruts, or ruminating on pointless arguments
Put yourself at physical risk
Make things more difficult on yourself socially due to a lack of understanding where most people’s heads are at right now
Let’s start with crypto and markets.
Key Crypto & Market Updates
Regardless of what the Biden administration says prior to the 2024 election OR the word salad the Fed uses to buy more time, the job market is not looking great right now. If you talk to friends and family — everyone can see it. Layoffs are accelerating quietly. Wells Fargo is reportedly laying off 1,000+ employees next week while Cisco is reportedly preparing for its next round of job cuts in mid-April.
I expect more financial services layoffs and for tech roles to shrink. Businesses are focusing on getting lean in anticipation for the next year. Non technical or revenue generating roles are under particular scrutiny.
I will emphasize this point again — you NEED to have a side hustle or business. Aside from the obvious benefit of getting more cash flow — it is a vital hedge in the event you unexpectedly lose your job. I witnessed layoffs over the last two weeks and i can tell you based on the reactions that the majority of people have ZERO exit or contingency plan. Do not make the mistake of considering your company your family. You are a number, that is it.
Let’s talk about how I am allocated in the current environment to ensure I am hedged but also ensure that if there are sizeable pumps in select sectors, I benefit instead of being sidelined and coping.