The Debt Ceiling Drama Continues

MACRO MARKETS

The debt ceiling is causing volatility and uncertainty in the market. We suggest reading the last two weeks' reports on how the 2011 scenario played out and how this can play out.

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HOUSING MARKET

Many countries are starting to see output come back negative, and housing starts moving up. April saw some promising drops in mortgage rates that allowed for more buyers into the market, but there are some future issues arising from interest rates continuing to rise.

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FIXED-INCOME MARKET

Bonds are starting to sell off a bit as rates continue to increase from fears of inflation sticking around with strong demand. Rates went up corresponding to the bond market pricing in future higher rates.

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OIL / COMMODITIES

As a macro newsletter, we have been adamant about being attentive to the macro when trading energy markets. With the Fed in focus and bond volatility over the last year, it is clear macro has been a large influence on crude. Yet crude has been one of the worst-performing assets YTD signaling a deep recession while other macro assets have held up comparatively unscathed.

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TECHNICAL ANALYSIS

This week we have a mix of follow-up from our past analysis on tickers such as NDQ, DXY, APT, and LTC while also adding in the TOTAL 2 chart and setups on relatively new (high expected value) altcoins such as SUI.

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WEB3 & NFTs

WEB3 NEWS

Worldcoin, Sam Altman's Crypto Project, Eyes $100M Fresh Funding
Opera Integrates MultiversX Blockchain, Making It Easier for Users to Access Web3
Jack Dorsey Leads $6 Million Raise for Bitcoin Payments Company Azteco

NFTs

So Much Anger, So Much Hate, Says Ledger Co-Founder Amid Botched Recover Service Launch
Axie Infinity Launches Free-to-Play Version on Apple App Store
From Cars to NFTs: Renault's Racing Shoe5 Accelerates Their Innovation

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WELLNESS WIZDOM

We often hear there isn’t enough time in a day or days in the week. The reality is that no matter how long a week or day is, we must actively stop what we are doing to make time for our loved ones. This week, we look at simple ways of maintaining a healthy relationship.

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FOOD & WINE

This week’s recipe, Shrimp Fra Diavolo, is taken from a couple cooks. They have a selection of simple, delicious, and savory recipes. Pair this recipe with delicious orange wine!

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WIZARD’S WEEKLY MUSING

Current Portfolio Allocation

CRYPTO: 21%

NFTs: 17%

STOCKS: 12%

PRIVATE EQUITY: 18%

STABLECOINS: 32%

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