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The Macro Situation
Todd was in the path of the most recent hurricane in Florida, so we are not going to have our typical macro situation update this week.
The main point, obviously, is that the CPI came in at 2.4%, which is lower than last month and on a sustainable path towards the 2% target, but it is a bit higher than what many were expecting at 2.3%.
We would appear to be in a “goldilocks” situation: declining inflation, increasing liquidity, and a solid economy (at 4.1% unemployment).
Bond ETFs continue to tumble – though I expect we’ve reached the bottom for them (or there about).
Everything else seems to be doing well – except for the futures on the S&P 500, which remains quite negative through the 15th of this month. In short, don’t expect smooth upward sailing but the broader data do suggest that upward movement will be anticipated.
--Sebastian Purcell, PhD (Todd Mei, PhD is out for the week)
AI Sentiment Report
The following sentiment scores use AI to track sectors as leading indicators. (Lesson 4 of The Art of The Bubble covers the selection of lead indicators for bubble trades). The scores are most indicative for the next day of trading (a Monday), but they appear to set the general tone for the next week.
-The Research Team:
Dom Viera, Samantha Russell, Nicole Zinuhova, Michelle Milan
Free Stuff!
1. Kaze NFT whitelist:
The plan is, finally, to launch when we get sustained movement above the SMA 200 for BTC.
2. Rebates:
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TradingView Rebate (Save $30)
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Trojan Bot (Save 10% per trade)
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All proceeds go back to funding the community pool.
Note: we’re migrating our newsletter host, so formatting is changing a bit.
Happy Trading!!
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Benchmarks and Data Sources
All data not otherwise specified (or obvious from context) is taken from TradingView.com.
The cryptocurrency benchmark used is an equally weighted mix of BTC and ETH. While the benchmark for stocks used is the Nasdaq 100.
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