Colin Symons, CFA’s Post

𝑻𝒉𝒆 𝒎𝒂𝒓𝒌𝒆𝒕 𝒊𝒔 𝒕𝒐𝒖𝒈𝒉 𝒃𝒖𝒕 𝒇𝒂𝒊𝒓: 𝒘𝒉𝒂𝒕 𝒅𝒐 𝒑𝒆𝒐𝒑𝒍𝒆 𝒃𝒖𝒚 𝒂𝒇𝒕𝒆𝒓 𝒕𝒉𝒆 𝒔𝒉𝒐𝒕 𝒊𝒔 𝒇𝒊𝒓𝒆𝒅? 💥💼📈 Speculators use any stress to make a quick profit, and the moral side of the event does not matter. Let’s recall the assets that went up in price after the attempted assassination of Trump. 🔍📉 • Bitcoin remains the leader of the panic as traders increased bets on Donnie’s election victory. BTC/USD has added almost 13% and is firmly in the zone above $64500. Both #Trump and his counterpart Wayne are seen as favorable to #cryptocurrencies. Trump’s campaign eagerly accepts cryptocurrency payments, raising hopes 📈 of a shift away from the U.S. regulatory crackdown on the industry. 🚀🏦💰 • Shares of Trump’s Truth Social Media (NASDAQ: DJT) closed sharply higher by 31%. The company, which posted a Q1 operating loss of $98 million, rose in the week before the Trump/Biden debate. The upside potential remains at least until the election. 📊📈 • Interestingly, shares of prison operators rose: shares of Geo Group Inc (NYSE: GEO) added 10%, and CoreCivic Inc (NYSE: CXW) -8%. Shares of U.S. gun makers also rose, with Sturm Ruger & Co. up 12% and Smith & Wesson Brands up 14.3%. If Trump wins, he is expected to tighten border controls, and these prison companies are expected to benefit. 🔫📈 The dynamics of gun manufacturers’ stocks are complex to tie to Trump, but leaders in this industry are always volatile during election season. The rising odds of a second Trump presidency have also sent ripples through the broader financial markets. U.S. Treasury bond yields have already risen. Many investors believe that Trump’s tax-cutting policies will lead to higher deficits and inflation, which will hit U.S. Treasuries and cause yields to rise, similar to the impact of his election victory in 2016. 📊💹 𝐎𝐯𝐞𝐫𝐚𝐥𝐥, the reaction to political events in the U.S. is just beginning to take shape, and the chance to capitalize on them remains. So look for fresh options for speculation, but do not forget about the risks. 🕵️♂️💸 𝑷𝒓𝒐𝒇𝒊𝒕𝒔 𝒕𝒐 𝒚’𝒂𝒍𝒍! 🚀👍 #InvestmentOpportunities #MarketTrends #Finance #Forex #Trading #FinancialMarkets #Investing #StockMarket

As FalconX pointed out over the weekend, correlations between Bitcoin and the leading broad equity indices (S&P 500 and the Nasdaq) are approaching levels not seen since the mid-sized banking crisis in 2023. While correlations had been near-zero for most of the past 18 months, the upcoming election combined with the FOMC’s imminent rate cutting regime are driving price action. And since the rest of the digital assets market is currently just following Bitcoin rather than its own achievements, this graph looks similar to just about any crypto asset. It is likely that the Fed will cut rates by 25 basis points this week at the September FOMC meeting. As of last week, the market was only pricing in a 20% chance of a 50 bps cut, then Friday this jumped to 43%, and as of Monday morning, this has jumped to 63%. Those in the 50 bps camp are REALLY stretching in my opinion. While some parts of the government are inconsistent, like the SEC, which continues to get called out for blatant double-speak (https://lnkd.in/gBYGXt9w), the Fed is an entirely different animal. The Jerome Powell-led Federal Reserve is the most transparent Fed in my three-decade investing history. They do not throw curveballs. They often get projections wrong (like the expected 75 basis points of hikes in 2022), but they don’t intentionally mislead. There were days back in the early 2000s when you would have no idea what to expect from a Bernanke or Greenspan-led Fed. The FOMC meetings were actually quite riveting because you simply had no idea what to expect. But not the Powell-led Fed. They often explicitly tell you what they will do, but in rare cases when they don’t, they leak it to their favorite Wall Street Journal puppet, Nick Timiraos, who spells it out for you. And there have been no indications that the Fed is going fast and furious. Feel free to tell me I’m wrong if we get a 50bps cut this week. I’d be shocked if it happens. Either way, it’s the first FOMC meeting in a decade that is going to leave some people surprised. 

Check out Two Prime's latest report on the market

Welcome to the Extreme Investor Network! Today we are diving into the latest developments in the SEC vs. Ripple case and how it impacts XRP and Ripple's business goals. Recently, XRP saw some gains, but they were short-lived as the SEC and Ripple progressed through the final stages of the case. #Appeal #Dampened #Excitement #plans #Ripples #SEC #stablecoin #Update #XRP

From David Stockman,     May 2024 CLUELESS IN THE CANYONS OF WALL STREET, We got a small and unexpected uptick in the number of unemployment insurance claims this week—so naturally the Wall Street gamblers have been piling into the “risk-on” bandwagon. In the great scheme of things with respect to the actual main street economy, of course, Thursday’s figure at 231,000 initial claims was pure noise, and if anything should have been a slight discouragement to stock buying. But not in Fed World. A tiny trace indication of labor market weakening was taken as a sign that the long-delayed Fed pivot to rate cutting is finally going to materialize! Stated differently, the stock market is so house-trained to drool over any and all Fed actions that even the slightest hint of economic weakness becomes a trigger for the fast money to start front-running the Fed’s next capitulation to the Wall Street gamblers. So if any proof is needed that honest price discovery is dead, this week’s action surely fills the bill. The Fed and Wall St working together to feed the casino’s!! What casino’s? The sharemarket, mortgage and property casino’s of course! All financed on debt! What could possibly go wrong? But the exciting thing about this is there is a new system in town where you can be your own central bank just for your little kingdom!! Get new money printed (mined) when it suits you none of it issued as debt!! It is wonderful that the crypto industry allows such creativity where you are in control. If you like this idea dm me for information [email protected]  #beepxtramining #steroidblockchain #yourpersonalcentralbank #cryptomoneyprinting #beyourownbanker

Last week was packed with regulatory activity in the US. Our General Counsel Eli Cohen has been closely following developments. Read on for a summary of what he's been following ⬇️ 1️⃣ On Thursday, the Senate voted 60-38 to overturn SAB121—a controversial policy issued by the SEC that dissuades banks from servicing crypto businesses. Biden has promised to veto this, so it shouldn't be a big deal. 📄 https://lnkd.in/ewt6nDyY 2️⃣ The 19b-4s for ETH ETFs were all approved on Thursday. This is a big change for the SEC, after signaling they would not approve the spot ETH ETFs. There still needs to be approval of S-1s before trading can start, which can take weeks to months. 📄 https://lnkd.in/eZnXEhx3 3️⃣ On Monday, FDIC chairman Martin Gruenberg announced his resignation amid a months-long scandal. During his time as chairman, Gruenberg was particularly hostile toward crypto businesses in what some call "Operation Choke Point." 📄 https://lnkd.in/eWvHaqxP 4️⃣ The House voted in favor of a crypto market structure bill (FIT21) on Wednesday. The FIT21 would still need to be approved by the Senate, which is not likely to happen, but this marks a shift in political winds given the amount of Democratic support. 📄 https://lnkd.in/eckZHM4g TL;DR: • A number of positive developments are all heading in the right direction. • There are signs of a shift in the political direction of Democrats, presumably because of the upcoming election. 

Bitcoin Heading Down To $55,000. Federal Chair Powell To Speak Soon. & Trump Assassination Attempt Fails! “Ha Ya Missed Me!” #MarketVolatility #SafeHavenAssets #TrumpTrade #BitcoinSurge #USTreasuries #Election2024 #InvestmentStrategy #GlobalMarkets #FiscalPolicy #StockMarket #OilDiscovery #EarningsSeason #MarketTrends #PoliticalRisk #AIInvestments

📈 𝕄𝕠𝕞𝕖𝕟𝕥𝕠 𝕧𝕖𝕣𝕚𝕥𝕒𝕥𝕚𝕤: 𝕧𝕠𝕝𝕒𝕥𝕚𝕝𝕚𝕥𝕪 𝕗𝕣𝕚𝕖𝕟𝕕 𝕠𝕣 𝕗𝕠𝕖?  🏦💰 Bankers, investors, analysts, and traders are preparing for heightened activity. Major players are already taking into account significant price fluctuations across all asset classes and coordinating their actions. Brokers and hedge funds have assembled teams of specialists to work in shifts during the coming week.  🇺🇸 The US presidential election is no reason to stop the market, moreover, it is a great chance to make a big profit. Or lose your last dime. 💸 Market makers are intentionally reducing risks to provide liquidity for trading this week. 📈📉 Speculators will primarily be active in the bond and currency markets, which have been operating consistently. While stock futures will also move, they will be more serious indicators in the morning before the market opens in New York. A significant difference between the presidential election four years ago and the current one is the greater use of crypto-assets – they too are traded around the clock.  ⏰ Key information could emerge around midnight (GMT-5) or even later. The largest volumes are expected on Tuesday night and Wednesday and are likely to persist for the rest of the week. The longer the votes are counted, the angrier speculators will be. 😠 Stocks will take centre stage the day after the election, and. according to options data on Cboe, markets are pricing in a potential ±2.2-2.5% swing in the S&P 500. 📉📈 Moreover, the day after the election will have to react to the Fed's decision – a second consecutive interest rate cut is expected.  🧠💪 Large-scale events such as the US presidential election test every trader's resilience – psychologically and financially. Trading during periods of speculation and market fundamentals stimulates the brain and expands trading opportunities.  📈📉 𝑽𝒐𝒍𝒂𝒕𝒊𝒍𝒊𝒕𝒚 𝒊𝒔 𝒘𝒉𝒂𝒕 𝒕𝒓𝒂𝒅𝒆𝒓𝒔 𝒄𝒐𝒎𝒆 𝒕𝒐 𝒕𝒉𝒆 𝒎𝒂𝒓𝒌𝒆𝒕 𝒇𝒐𝒓.   𝑾𝒉𝒂𝒕 𝒅𝒐 𝒚𝒐𝒖 𝒕𝒉𝒊𝒏𝒌? ℙ𝕣𝕠𝕗𝕚𝕥𝕤 𝕥𝕠 𝕪’𝕒𝕝𝕝! #Election #US #Cryptocurrency #Trader #Investment #Stockmarket #Forex #Marketmaker