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Latest Key Analysis Points Heading Into The #CPI Report 1. Magnificent 7 continue to correct. $NVDA, $MSFT, $AAPL have dropped significantly off their all-time recent highs. $META, $GOOGL, $AMZN still holding up. The big question is, with these mega caps falling, can the overall market still climb when 50% of the $QQQ is these stocks and 25% of the $SPY is these stocks. In other words, can the other 493 stocks rally and offset these corrections. 2. Valuation: While 80% of stocks beat earnings, 80% of stocks that reported, fell. This tells us that price has run too high and even a beat on earnings, didnt justify the prices. 4. Inflation: Expectations are for a 3.3% CPI print. This is above last months 3% print. This potentially shows a flattening out of the inflation decline. In addition, #Oil, #Gasoline and #NaturalGas have all spiked dramatically in the last month, trading near 52 week highs. On a month/month basis, it will make the CPI hard to continue to decline. Housing is the key component that could save the day as it is a huge % of the CPI. This is the wild card for tomorrow's report. 5. Be ready for major moves in the $DXY, #10YearYield, #Gold, #Stocks and possibly #Crypto. This report will either keep the #FederalReserve from hiking again this year or increase the chance of yet another rate hike. 6. Remember, rate hikes take 6-12 months to hit the economy. While no one is expecting a recession now, the economy is reflection a Fed Funds Rate in the 1.5%-2% range (where it was 6-12 months ago). The Federal Reserve made not of this at their last press conference (the lag effect). 7. The $SPX and #NASDAQ are nearing their first support levels and a MAJOR test. Watch 4,440 on the S&P and 13,600 on the NASDAQ. Should those levels fail, this becomes more than just a bull market pullback. Tune in tomorrow for my #GamePlan at 9am ET for more in depth analysis.

Good Morning Everyone! Billionaire hedge fund manager Bill Ackman is making a bold move! He's shorting 30-year Treasury bills using options, and he predicts yields could skyrocket to 5.5% 'soon'. His strategy is a hedge against the impact of long-term rates on stocks in “a world with persistent 3% inflation.”

The S&P 500 has crossed above the 76.4% retracement of its peak-to-trough decline. After all declines of 20%+ (bear markets) since 1929, the retracement proved the start of a new uptrend. No retests of former lows. Gains post the 76% retrace were stronger than average - see below

Yesterday's $TSLA earnings call was *wild*. Elon gave investing advice, cited Benjamin Graham and claimed Tesla could 10x from here ($9+ trillion). You will find all the highlights in this thread 🧵 1. @elonmusk recommends ARK Invest, calling their research "the best":

Do you want to 51% attack the #Bitcoin network? Here's a conservative estimate as to what that would cost you.🧵👇 Total network hashrate roughly equals 390 EH/s You'd need to control ~199 EH/s of the existing network to have 51%. This is assuming you can gain control of existing hash to conduct the attack, and not that you'd be putting new hash online which would shift the goal posts. At 141 TH/s, you'd need 1,411,347 Antminer S19 XPs. Assuming a modest 6¢/kWh, at a 3.05 kW draw from the XPs, each machine would cost $0.183 per hour to operate. 1,411,347 * $0.183 = $258,276 per hour to attack. So you could burn $258k per hour to attack the network, making your billions of dollars of ASICs worth nothing. or you could mine (6 blocks per hour * 6.25 BTC per block * 51%) ~19.125 BTC per hour, equivalent to ~$573,750. Not only would it basically be impossible to pull this attack off due to the mass quantity of ASICs and energy necessary, but, even if you were somehow capable of it, there's a strong financial disincentive to do so.

The most important chart right now? Reverse Repo has drained from $2,309B to $1,716B over the last 90 days... Where did $592B go? We believe these deposits have shifted into Money Markets to buy TBills...

If Yuga fails, NFTs fail? Yuga already failed & here's why: 🧵👇

$SPX Bullish Percent Index now well above the key 70% level. That means we're going up, big time. The problem is when this indicator breaks back below 70%, which has usually been a fantastic signal for pullback mode. Not yet...

JUST IN: 🇺🇸 SEC acknowledges BlackRock's Spot #Bitcoin ETF application.

Twitter is now the king of social media. But 99% don't know about its "Advanced Search" feature. 10 Twitter Advanced Search tips that will make you a pro! (with examples):

Bitcoin $BTC WILL BE WAY STRONGER THIS CYCLE!!!! Which would mean stronger upside price action over the next 1.5-2 years. Here's why: 1. The halving event occurs in 9 months. That will drop the inflation rate by roughly half, down towards 1%. Gold is around 2%+ a year or more than double the rate of new supply. Why is this so important? Because it changes the supply/demand impact by an order of magnitude. <-- This creates VIOLENT upside price action. 2. Where is all the Bitcoin? The upside price action will also be amplified even more, because the amount of Bitcoin on exchanges has plummeted after the debacles with FTX, LUNA, Celsius, Voyager, BlockFi, Genesis, Silvergate Bank, and many more failed crypto exchanges/banks. <-- Since people don't trust exchanges anymore. Instead, they are keeping their money on hardware wallets or custody services. This slows down their ability to sell. Which helps the price climb even quicker. And an increase in price creates more FOMO. <-- Cascading positive impact from high volatility to the upside. IMPORTANT! - During the bear market after 2017, we saw the amount of Bitcoin on exchanges (Ready to sell) go up dramatically, just like every other cycle. From 2.2 million to over 3.2 million. Or a net of 1 million additional Bitcoin ready to sell. However, this cycle things are DRAMATICALLY DIFFERENT, as we've seen the amount of Bitcoin on exchanges (Ready to sell) go down by that same amount, or roughly 1 million BTC. Again, this is HUGE because it means that there are less orders sitting on exchanges waiting to sell at a predefined price levels. Which means less instant sell pressure on the way up. 3. Demand/growth of the Bitcoin network is almost constant. Like a work of art, it grows at a roughly 45 degree angle. I could show other charts that reflect certain amounts of Bitcoin in the wallets, but it doesn't matter at all based on my 6 years in this market, and research going back to it's inception. So, this is what you get. :) 4. We're seeing mainstream adoption from all major banks and investment funds. Even Blackrock is saying "Bitcoin is digital gold", "A hedge against inflation" and an "international asset." This is huge because they have over $9 Trillion in AUM. SOURCE: x.com/jesseleedow1/s… See next thread for more details ---->

1. / The institutions are coming. So let's take a trip down memory lane to see what these entities used to say about #Bitcoin, as retail investors ignored them and kept on accumulating. "Good things might come to those who wait, not for those who wait too late." - Bill Withers

Since last October we have been suggesting that the two fastest horses in this race (the debasement and liquidity cycle) will be crypto first, followed by Exponential Age stocks and then tech. It is playing out perfectly... Here's the top 5 charts @BittelJulien and I are watching at GMI this week. Enjoy. Read it for free: rvtv.io/3CPeTOB

I was really curious about Buffett’s ownership of the Japanese trading companies and wanted to understand why he did it? As it turns out, the trade is really brilliant. He found a group of companies that had very low volatility, grew earnings predictably, had a good dividend yield and, in most cases, were buying back their stock. But it’s what he does next which is so awesome: As far as I can tell, he issues Japanese debt at very low rates, uses the proceeds to buy the stocks and then uses the dividends he then gets from owning these stocks (which are greater than the interest rates he’s paying to borrow in the first place) to pay the coupon! What’s left over is a near-risk less bet where he’s borrowed trillions of Japanese Yen for free to buy billions of dollars of companies growing earnings in the mid teens. And over a 10-20 year holding period, he becomes insensitive to currency vol and so really can’t lose money. He locks in the earnings gains over this period along with whatever spread he keeps between his dividends and his coupons. The only way this trade blows up, I suppose, is if the Japanese economy totally craters but these companies are sufficiently exposed to the rest of the world that this outcome is pretty unlikely. It’s inspiring to see folks act this intelligently at scale. That’s why he’s the 🐐.

1/12 Tether backing breakdown from Bloomberg based on the '21 docs: -Included extensive amounts of Chinese Paper (basically short term loans to Chinese companies) -Included a "sizeable loan" to Celsius Network.

1/5 Bigger picture on what is happening with bank deposits. Deposit (orange) continue to fall. ~$1.4T have left deposit accounts since March 2022 (1st Fed hike). Where is it going? ~$900B has flowed in Money Market Funds (red). ~$500B has flowed into CDs (blue).

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ChatGPT is getting 65 million visits per day. But almost everyone's STUCK in beginner mode, missing out on its true potential. Copy-Paste these 9 Advanced ChatGPT prompt techniques that will SAVE you hours a day: 🧵

Did volatility go up or down today? 101. Easy question? Not really. I will keep it as simple as possible. There are many great vol guys to give a better answer on here, But here goes. The symbol most use for vol is $VIX

What an insane week in AI 🤯 Unity AI AI Antibiotic Minecraft AI MIT: Math AI Picture-to-3D Google Starline Nvidia Game AI Google Flood AI ChatGPT in Court TIME: Humanity End Neuralink FDA Approval 42% US Not Used ChatGPT Japan No Copyright OK for AI Here what you need to know: