Podcast and Chill #79
Deflation and Abundance; Five Stocks Carry; BOJ New Governor
Today’s Cheat Sheet -
Support and resistance levels and our daily, weekly and monthly bias on BTC, ETH, OIL, ES, and NQ as well as our favorite altcoins.
“Everything in the world has counterparty risk to that debt except for Bitcoin… if you’re measuring from Bitcoin then you’re seeing prices falling to the marginal cost of production everywhere.” — Jeff Booth
“Guy, Dan, and Danny discuss big tech stocks carrying the market (3:00), the bank crisis in remission not over (14:30), UPS earnings (27:30), the Microsoft/Activision deal getting blocked (30:30), home builders & energy (33:00), Tesla’s gap down (36:30). The co-hosts interview Rebecca Patterson, former chief investment strategist at Bridgewater Associates, and talk about her career (47:00), her base case for a recession (54:00), how to play the market (58:30), what could go right (1:07:00), the banking crisis (1:12:30), and financial literacy (1:15:00).”
“For a "policy unchanged" outcome in-line with consensus, Bank of Japan Governor Ueda's first monetary policy meeting was a wild day for markets. Weston Nakamura walks through the chronology of the day, starting with a major pre-announcement press leak, a delayed policy release time, and an ambiguous press conference that sent the yen tumbling sharply.
Weston analyzes the methods and practices of policy communication, media, and markets, which this new leadership has seemed to embrace in a departure from his predecessor Governor Kuroda. Ultimately, Governor Ueda's first policy meeting has left far more questions unanswered than before.”