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)

why not lets just all launch tokens at this point

https://fxtwitter.com/IAmAboutToBust/status/1963190726906585570

“living someone else’s dream but trapped in your own nightmare”

perspective and gratefulness

Mega Matrix (NYSE:MPU) files $2B shelf to fund stablecoin governance token strategy, with $ENA as a primary target. — Link

NASDAQ STEPS UP SCRUTINY OF COMPANIES LOADING UP ON CRYPTO- THE INFORMATION
(@WalterBloomberg)

JUST IN: Michael Saylor's 'Strategy' meets all criteria to be listed in the S&P 500, Bloomberg reports.

@WatcherGuru

WORLD LIBERTY BLACKLISTS JUSTIN SUN'S ADDRESS, LOCKING 540M IN UNLOCKED TOKENS AND 2.4B IN LOCKED TOKENS AND SAY THEY BELIEVE AN EXCHANGE HAS BEEN USING USER TOKENS TO SELL AND PUSH DOWN THE PRICE: ONCHAIN

🔗 velo.xyz

its quite interesting to see how actual card collectors are rushing to dump and/or are not as excited about the whole tcg rwa onchain meta

vs

crypto natives that are incredibly bullish on tcg rwa

unique case of disparity between the supposed end user and token buyer

i think ultimately its who your target audience is

in this case, the current tcg wave feels more targeted toward crypto natives that want exposure or just a meta to bid, instead of actual card collectors

what this means is that tcg rwa can still go up from ct bidding, but will likely not have much real users

its the short term speculation that we're playing here and we will end up slapping on huge premiums because its onchain as with NFTs

gachafication is a good touch, but it feels like retail prefer to gacha on tiktok live streams instead (?)

streamers are making good money opening packs for others on live streams (why this is addictive idk)

i have absolutely no clue about tcg markets so im just mumbling observations with no actual skin in the game

one thing for certain is that both sides agree that it is late in the current pokemon tcg cycle as it has already been running for awhile (i agree, because i've seen friends collecting and selling for awhile now), and it will also go through a bear market soon

BUT tcg as a market is still early in the grand scheme of things (years)

common advice from TCG enthusiasts: stick to OGs and the "btc" equivalent of pokemon cards like charizards, because the rest will get printed to the ground

illiquid market, don't get caught bagholding if you see it purely as a financial asset or trade