Not much has changed
So, I’ve taken a little time off due to vacations and business focus. It’s all good times, and I hope in these stressful times you all are giving yourselves a break. For the ✡ who celebrate, wishing you a good fast tomorrow .
I mean we have basically as follows, which I can get into later: Russia is getting crushed in the war, hard. They’re losing, but the war isn’t over. Not that any other outcome was likely.
We also have raw uninformed idiocy too from Musk where he talks nuclear warfare, and makes unhelpful recommendations for Ukraine. Please leave twitter forever, Musk — we know you’re only there to try to gain clout. I’m not linking it because he’s bad for the world and I’ve mentioned it before. I’ll write another expose as follow-up at some point to my original at https://medium.com/coinmonks/chucklemusk-e2427063b6bf .
Meanwhile actually smart people chimed in and provided realistic ways to settle the war peacefully:
The knock on effects are massive: Putin would be gone, Russia would be crippled on the global storage perpetually, and… Remember the Russian propaganda about the US blowing up Nord Stream? About that:
Someone else will take their place (probably China, or split w/India). war summary is:
Big recap of territory, including where Russia is trying to annex.
So onto…other news. The $GBP cratered on news and then bounced back once Liz Truss blinked. Shocker.
This is what happens when you put Trumpy politicians (ie: ignoring advice, clueless as well) in political positions: they use the touch of Mierdas, this time it was UK edition.
However, her backtracking is proving to be the perfect catalyst to give the market a breather on the downturn right at the start of October.
Clearly a coincidence. I mean nobody uses technicals, let alone trendlines right!? right!? So with $DXY moving down a little, $SPY and $BTC move up. How much? Oh, I guess I plotted that too. Whoops. Set your alerts for 106–107 on DXY being likely bottom, and remember that we don’t invert DXY always, it’s a cycle.
What’s next for us all is market data, as the last jobless claim showed employment improving and that consumer sentiment is down (and spending slightly). Which translates to slow economic decline. Thursday will tell all with the continuing jobless claims. Look below, this economic calendar provides good data.
It’s not difficult to understand a dead cat bounce when you see it, but it doesn’t mean you know how far it’s going to bounce, either. So we could spend a week or two going up, during which I’ll ready my puts for the pivot.
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