Happy Easter, رمضان مبارك , and חג פסח שמח to those who celebrate it. I wish you the best if you’re celebrating any of those holidays.
As of this post, the market has almost followed the ideal scenario from my March 30, 2022 update.
That makes me a little uneasy. Generally, life never gives you what you want.
I’m waiting for the other shoe to fall and watching a few bullish and bearish behaviors that I mentioned in my April 12, 2022 update. If you missed that update, get it now.
If you’re trading the market long, I’d make sure to cover your rear with a stop-loss or hedge.
Fortunately, we’re not traders. We have much bigger goals in mind, with a different approach, mindset, and strategy.
Mega-whales and miners shipped off some bitcoins near the end of March and the beginning of April. Is that a preview of more selling to come? Or one last chance for deep pockets to clear out the weak hands before “only up” begins again?
We shall see. If you’re not on the paid plan, you may want to sign up now for analysis on this and other topics.
Scroll down for two articles, a video, a podcast, and a meme.
@sillytuna published the ultimate cheat sheet for NFTs. Read the article, 18 Misconceptions Gamers Have About NFTs, for the most basic, essential details you will need to know about NFTs before the next wave of innovation hits the market.
I cover Realized Cap HODL Waves quite a bit in my updates for premium subscribers. They contain a wealth of information and most people don’t know how to use them effectively.
In my updates, I never set aside enough time for this metric, though I could talk about it for hours. Days, even. But if I did, half of you would unsubscribe.
Glassnode explains it in a 20-minute video. You may want to watch it.
After 61 Years, McDonald's Just Revealed Some Big Plans That Nobody Could Have Predicted
Bottom line: McDonald’s filed for trademarks to protect their business interests in NFTs, Web3.0, and metaverses.
My take: Somehow it seems natural for one of the world’s largest commercial landowners to want a piece of digital real estate. Perhaps they’ll franchise virtual properties as they do with their physical properties?
Why we care: Walmart, McDonald’s, and other huge corporations see opportunities in NFTs and Web3.0, but you don’t. What do you know that they don’t that makes you so skeptical about this technology?
Last week’s On the Margin podcast talked about the most boring and important financial market on earth, the bond market.
The Western financial system depends on a healthy bond market. While that doesn’t mean bond prices need to go up, it does mean they have to deliver predictable risk-adjusted yields. Financial crises don’t come from risky assets going bad, but from “safe” assets failing.
With somewhere north of $100 trillion in bond markets and much more wealth tied to its fate, you should pay attention to what’s going on. Listen to this episode, “Bonds Smell Risk, Will The Market React?” on Apple or Spotify.
Apple: https://tinyurl.com/mry8y4k3
Spotify: https://tinyurl.com/3vnnkrkw
A meme before you go.
Relax and enjoy the ride!
Weekly Rundown - April 17, 2022