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SO MUCH GOOD NEWS JUST CAME OUT FOR INVESTORS!
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SO MUCH GOOD NEWS JUST CAME OUT FOR INVESTORS!

Introduction

In this section, the speaker introduces himself and mentions that there is a lot of good news to cover in the macro market. He also notes that crypto is not moving much.

NASDAQ Racing Up Today

The speaker notes that the stock market is racing up today, particularly the NASDAQ. He attributes this to several factors, including inflation coming down and some bullish news in the market.

  • The NASDAQ is up 1.89% today.
  • The market is pricing in a 50% chance of a 25 basis point hike at the next meeting.
  • U.S jobless claims come in at 229k versus 245k expected, indicating a strong job market.
  • GDP comes in at 1.3% versus 1.1% expected, showing that the economy is still strong and growing.

Good News Pushing Up Equities

The speaker discusses why equities are going up despite expectations of rate hikes and other factors.

  • PCE prices came in as expected at 4.2%, but core PCE prices came in higher than expected at 5%.
  • CPI data will be released soon before the next meeting.
  • There may be a deal on the debt ceiling soon, which would be positive for markets.
  • Despite fears of inflation ticking up earlier this year, inflation seems to be under control due to Fed's stance on fighting it.

Buying Opportunity

The speaker believes that recent dips in the market are buying opportunities due to positive economic indicators and other factors.

  • Recent dips have been good buying opportunities because they indicate low risk of default on debt.
  • Despite expectations of rate hikes and other factors, equities are going up due to positive economic indicators and other factors.

Market Update

In this section, the speaker provides an update on the market and discusses the performance of various stocks.

Performance of Stocks

  • The NASDAQ is up 23% year to date.
  • Nvidia has been performing well due to its beat on revenue and EPS, great gross margin, and expected $11 billion next quarter. It is up 26% year to date and is expected to be the next trillion-dollar company.
  • Tesla stock is still down at $184 from its peak of about $407 but is still growing quickly.
  • Bitcoin is still down a lot but may be in an accumulation zone leading up to the next halving.

Importance of Bitcoin

In this section, the speaker emphasizes the importance of having Bitcoin in one's portfolio.

Importance of Having Bitcoin

  • NatWest bank wants 24 hours notice and documentation to justify cash withdrawals over £2,000. They may also decline cash withdrawals based on information provided surrounding the transaction.
  • The crypto market looks undervalued if the NASDAQ moves up and it doesn't. As time goes on, it will move up eventually.

Conclusion

In this section, the speaker concludes by summarizing that it was a good day for the market even if the crypto market isn't moving up. Some things move at different times than others.

Video description

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