Subscribe and join our Telegram to be a part of our community!
We are now accepting crypto payments for yearly subscription. Click here to see details
This week is very light on macro ahead of FOMC. We got CPI last week, the last main data point before FOMC.
Housing continues to show trends of increasing prices since the PPI came back as no change. While some materials continue to come down over the last two years, others continue to rise.
High-yield bonds continue to outperform treasuries and other bonds since their returns are comparable to equities. With recent data, prices have recovered slightly with less fear of inflation sticking around, resulting in less fear of interest rate risk.
Tesla continues its strong upward trend since the lows at the start of the year. The current consensus EPS forecast for Tesla is 0.69, with a high forecast of 0.9. The stock is currently trading at $290.40.
Oil had a very short-lived rally on Monday as Reuters published news that Saudi Arabia was further extending output cuts, incorrectly repeating news from early June. Reuters shortly removed the news.
In this week’s T.A. section, we continue where we left off on tickers such as XAU/USD (Gold), Matic, and Filecoin. Apart from that, we are introducing a new trading plan on FET, an AI-related cryptocurrency altcoin.
Read more to see what’s next in our mental health challenge! Join our Telegram group and share your journey with us and the community.
This week we travel to Alberobello, Puglia, and learn to make their famous Orecchiette con Cimen di Rapa, paired with a delicious white Polvera Nera.
Current Portfolio Allocation
CRYPTO: 30%
NFTs: 17%
STOCKS: 12%
PRIVATE EQUITY: 18%
STABLECOINS: 23%
Disclaimer : Wizard of Soho LLC and Weekly Wizdom publish financial information based on research and opinion. We are not investment advisors and we do not provide personalized, individualized, or tailored investment advice, nor do we provide legal advice or information. The publisher does not guarantee the accuracy of the information provided on this page. All statements and expressions present are based on the opinion and research of the author or paid advertiser. No opinion, directly or indirectly, is an offer or solicitation to buy or sell the securities or financial instruments mentioned. As news is ever-changing, the opinions included should not be taken as specific advice on the merits of any investment decision. Investors should pursue their own investigation and review of publicly available information to make decisions regarding the prospects of any company discussed. Any projections, market outlooks or estimates herein are forward-looking statements, and are inherently unreliable. They are based on assumptions and should not be construed to be indicative of actual events that will occur. Contrarily, other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided is based on matters as they exist on the date of preparation and do not consider future dates. As a result, the publisher undertakes no obligation to correct, update or revise the material in this document or to otherwise provide any additional information .The publisher, its affiliates, and clients may currently or foreseeably have long or short positions in the securities of the companies mentioned herein. They may therefore profit from fluctuations in the trading price of the securities. There is, however, no guarantee that such persons will maintain these positions. Neither the publisher nor any of its affiliates accept any liability for any direct or consequential loss arising from any use of the information contained herein. By using the site, or any affiliated social media account, you are giving your consent and agreeing to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.