The information in this message does not represent any financial or investment advice. They're just random thoughts in my head.
gm
**MACRO** - Not much to really say here with equities closing about 0.2% lower yesterday and futures down ever so slightly this morning. Interest rates have barely budged over the past couple of weeks now and we appear to be in stability mode as we approach the last month of the year. The next important datapoint is payrolls but we don't get that this Friday, we'll get it on Friday 8th December, so that leaves us with basically 2 weeks of nothingess while we wait for more data. The big theme next year will be rate cuts and to get a better idea of that we need to keep an eye on inflation trends and that of economic data. Last month was conducive towards bringing rate cuts forward but we will need multiple months of similar data to confirm a trend.
**CRYPTO** - We sold off a little yesterday but crypto has bounced back pretty well with BTC and ETH both settling back above 37K and 2K respectively. ETF newsflow has become more quiet and I think the market consensus now is for a decision in January; it's tough to see a meaningful sell off in crypto before then and I continue to think buying dips will serve as a great strategy. Another good strategy IMO is farming upcoming airdrops. This wasn't that great during 2023 because airdrops don't have much value in a bear, but in a stronger market they can be much more powerful thus with the success of $MEME you can see the tide is turning there. I'm sure you've all heard about BLAST by now and I think that's a good one for very little work other than having to bridge ETH, just note that there are definitely security concerns there and that is the risk you will have to bear. There's also talk of Portal coin which I think can be farmed from playing some of the games it powers and I think there will be many more. If we have a strong market next year then I think this stuff can do well and this is the benefit you get from being switched on and early to the cycle at this stage.
**NFTs** - Not much movement across NFTs with most pfp stuff seeming to slide a bit. There was a lot od volume in DeGods after another announcement by the team yesterday but I'm still not entirely sure of what the content of the announcement is but maybe it's just one of those things I don't "get". Trademark by Jack Butcher has been performing well, climbing a whopping 82% yesterday to a floor price of 0.25ETH leaving minters meaningfully in the green. Elsewhere Creepz have been showing a steady rise, up anotehr 25% yesterday to an fp of 2.5ETH, which marks an 80% rise in the last 7 days and an amazing 175% rise in the past month.
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GL today!