Forwarded from Watcher Guru
JUST IN: 🇺🇸 Fed Governor Waller says he favors 'multiple' interest rate cuts in the coming months.
@WatcherGuru
@WatcherGuru
Crypto Mumbles
https://fxtwitter.com/lazyvillager1/status/1963225328618274975
Zero. That is the chance you get an “unwind.” These vehicles can run to 0.1x mNAV and there is nothing shareholders can do anything about it. At a significant enough discount a competing business can offer to buy the treasury out. In fact the very LPs that contributed to the PIPE may do that. You could get a big sell off in the actual equities themselves. But that contagion doesn’t necessarily spread to the underlying assets bc there is no forced estate sale from a liability management POV.
The more realistic scenario is that these vehicles just stop doing anything, and equity is held captive like a GBTC situation
Forwarded from Walter Bloomberg
SPOT GOLD JUMPS 0.9% TO RECORD HIGH OF $3,565.36/OZ
(@WalterBloomberg)
(@WalterBloomberg)
nice objective piece by a lifelong collector and crypto native on why TCG meta might/might not work
https://fxtwitter.com/simplepeanut3/status/1963196243020300478
https://fxtwitter.com/simplepeanut3/status/1963196243020300478
📰 Article • FxTwitter
The Pokemon RWA space from the perspective of a crypto-native + lifelong TCG collector
Preface Disclosure and TLDR The Pokemon TCG Collecting/Investing Market Cycles General Similarities between crypto and Pokemon TCG collecting/investing Nuanced Differences: What the crypto natives and
Crypto Mumbles
nice objective piece by a lifelong collector and crypto native on why TCG meta might/might not work https://fxtwitter.com/simplepeanut3/status/1963196243020300478
i think after reading this, the main trade is the repricing and giving crypto natives some form of exposure to the tcg market
this tcg meta will mostly be crypto native led, not real tcg collectors/users
not much of a moat on being onchain v web2/irl (for real collectors) because having the physical aspects matters a lot + there are already popular web2 vault options
markets can be more irrational than expected ofc, so there is always still upside as speculators fomo in for tcg exposure
but importantly it will be crypto native led for onchain stuff
we are the saylor/tom lee that the tcg community has been waiting for
gl
this tcg meta will mostly be crypto native led, not real tcg collectors/users
not much of a moat on being onchain v web2/irl (for real collectors) because having the physical aspects matters a lot + there are already popular web2 vault options
markets can be more irrational than expected ofc, so there is always still upside as speculators fomo in for tcg exposure
but importantly it will be crypto native led for onchain stuff
we are the saylor/tom lee that the tcg community has been waiting for
gl
its nice to get povs from actual collectors, instead of the usual crypto natives that sell you valuation dreams
but anyw this cycle its just the 21 of us in the same boxing ring as always
but anyw this cycle its just the 21 of us in the same boxing ring as always
Forwarded from Walter Bloomberg
DON’T FEAR SEPTEMBER OR RECORD HIGHS: UBS
The S&P 500 dipped 0.7% to start September, historically the weakest month for stocks. UBS noted the index has fallen in six of the past 10 Septembers, averaging a 2% decline. Still, the bank advises investors not to fear seasonal weakness or record highs.
UBS expects the S&P 500 to reach 6,800 by mid-2026, supported by:
1. Strong earnings momentum (81% beat Q2 estimates).
2. Anticipated Fed rate cuts of 100 bps over the next four meetings.
3. Long-term AI-driven growth, with global AI capex projected at $500B by 2026.
Since 1960, the S&P has delivered 12% returns on average in the year after an all-time high, and 38% over three years.
(@WalterBloomberg)
The S&P 500 dipped 0.7% to start September, historically the weakest month for stocks. UBS noted the index has fallen in six of the past 10 Septembers, averaging a 2% decline. Still, the bank advises investors not to fear seasonal weakness or record highs.
UBS expects the S&P 500 to reach 6,800 by mid-2026, supported by:
1. Strong earnings momentum (81% beat Q2 estimates).
2. Anticipated Fed rate cuts of 100 bps over the next four meetings.
3. Long-term AI-driven growth, with global AI capex projected at $500B by 2026.
Since 1960, the S&P has delivered 12% returns on average in the year after an all-time high, and 38% over three years.
(@WalterBloomberg)
why not lets just all launch tokens at this point
https://fxtwitter.com/IAmAboutToBust/status/1963190726906585570
https://fxtwitter.com/IAmAboutToBust/status/1963190726906585570