Market Crash?
What looked like a great run from October ‘22, and more recently from Dec ‘23 appears to be the end of the bull market. I had always thought we run for 7-10 years through a business/economic cycle, but here we are short of two years. I have never thought measuring market events based on time was a good idea, as I think future movements are due to react faster than ever before. Regardless, very key ratios were looking to reach their Dot Com level highs:QQQ/DJISPY/DJIXLK/SPYSMH/XLKXLK/IWMSMH/SP...
Market Crash?
What looked like a great run from October ‘22, and more recently from Dec ‘23 appears to be the end of the bull market. I had always thought we run for 7-10 years through a business/economic cycle, but here we are short of two years. I have never thought measuring market events based on time was a good idea, as I think future movements are due to react faster than ever before. Regardless, very key ratios were looking to reach their Dot Com level highs:QQQ/DJISPY/DJIXLK/SPYSMH/XLKXLK/IWMSMH/SP...
Does the bull still have legs?
While I try to formulate my best approach at trading markets, I constantly ask myself ‘where are we’? With the most recent breadth thrust in small cap stocks, one would come to the conclusion that yes, this bull still has legs. But if you missed that move, what comes next? MAG7, which had worked so well the last month, and were the only stocks working, have taken a nosedive. Semis, the strongest industry group by far this bull cycle, is in correction territory. Is it time to buy? Or is it tim...
Does the bull still have legs?
While I try to formulate my best approach at trading markets, I constantly ask myself ‘where are we’? With the most recent breadth thrust in small cap stocks, one would come to the conclusion that yes, this bull still has legs. But if you missed that move, what comes next? MAG7, which had worked so well the last month, and were the only stocks working, have taken a nosedive. Semis, the strongest industry group by far this bull cycle, is in correction territory. Is it time to buy? Or is it tim...
Growing Roots
I went on a wine tour recently, visiting several different houses. I preferred visiting the family-run wineries, as I could feel their passion for what they do, I could taste the difference in the quality of their wine, and I they would share insights into their decision-making by telling stories about how they got to where they are. Many winemakers complained about the higher-than-normal temperatures during the summer reducing the number or surviving grapes. The smaller yield that had surviv...
Growing Roots
I went on a wine tour recently, visiting several different houses. I preferred visiting the family-run wineries, as I could feel their passion for what they do, I could taste the difference in the quality of their wine, and I they would share insights into their decision-making by telling stories about how they got to where they are. Many winemakers complained about the higher-than-normal temperatures during the summer reducing the number or surviving grapes. The smaller yield that had surviv...
Move2Earn
While everyone relevant in Web3 right now is at NFT NYC, I have had some time to get over Covid and return to my routine. Crypto winter is good for a few things: I suddenly have more time to exercise, read, and stumble upon new things happening in Web3. One such project is STEPN, a move2earn game built on the Solana network. While Play-to-earn is a big theme among NFT projects, move2earn is it’s healthy, outdoorsy alternative. To play STEPN, you first need to visit their marketplace to purcha...
Move2Earn
While everyone relevant in Web3 right now is at NFT NYC, I have had some time to get over Covid and return to my routine. Crypto winter is good for a few things: I suddenly have more time to exercise, read, and stumble upon new things happening in Web3. One such project is STEPN, a move2earn game built on the Solana network. While Play-to-earn is a big theme among NFT projects, move2earn is it’s healthy, outdoorsy alternative. To play STEPN, you first need to visit their marketplace to purcha...
Finding the Bottom
I just came back from vacation to find Web3 in entire disarray. Bitcoin is sub-$30,000. Ethereum is testing it’s merge. Solana’s network went down again. Luna 2.0 failed. New York City banned carbon-based crypto mining. The SEC has classified many crypto currencies as either commodities or securities. The most popular NFT projects are “We Are All Going to Die” (WAGDIE) and “goblintown.wtf”. A lot has happened in a few weeks. The crypto losses make some sort of sense with inflation spiraling o...
Finding the Bottom
I just came back from vacation to find Web3 in entire disarray. Bitcoin is sub-$30,000. Ethereum is testing it’s merge. Solana’s network went down again. Luna 2.0 failed. New York City banned carbon-based crypto mining. The SEC has classified many crypto currencies as either commodities or securities. The most popular NFT projects are “We Are All Going to Die” (WAGDIE) and “goblintown.wtf”. A lot has happened in a few weeks. The crypto losses make some sort of sense with inflation spiraling o...
