We predicted for Powell to be less hawkish and signal the slowdown of pace of hikes while still focusing on targeting lower inflation. This resulted in markets and our QQQ call options moving up significantly. Short term calls in, December and January, were up 150%-200%
Last week we called for Crude to bottom out short-term on the back of China’s Covid zero policies easing. Crude went as high as $88 on Monday, as restrictions were lifted in key cities. Also, Gold remained in accumulation since mid last week, with rallies into the $1800 handle, again as anticipated with our macro view.
We called spot longs on $ETH, $MATIC, $APE at $1100, $0.80 and $3.5. They are all up 16-25%.
We called for longs on CloneX (7 eth), Pudgy Penguins (2.5 eth) and Mutant Apes (12 eth). They are all up with Pudgy Penguins being up at 4.5 eth and CloneX at 7.3 eth but you got a 1 eth airdrop of the Egg so net up still. Mutant Apes are around 14 eth at the moment with staking starting soon.
The Non Farm Payrolls report last week was better than expected showing a jump in average hourly earnings. This points to fresh inflation risks and more volatility. This new information will be a hot topic at FOMC!
On December 13, 2022 at 8:30am ET, CPI will be holding their last meeting of the year consider thing they do not have another FOMC until February. This CPI will set the market for the next two months!!
Non Farm Payrolls, Fed Watch, CPI & FOMC
Oil Markets, OPEC+, Russian Supply, Oil, Recent Bullish Catalysts, Recent Bearish Catalysts, Gasoline, Distillates, Natural Gas, Gold, Copper, Other Commodities
ETH, BTC, APE, S&P, Bond Yields
Overview of NFT market
Mental Health : Mindfulness
Recipe : Pesto Chicken with a side of Salad and Fries
What changed in allocation since last week