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Hey ET Fam! Thank you all for joining me on this glorious Wednesday! Fam, I have a confession to make. I screwed up and got some things wrong….and for that, you all have my sincerest apology. I have been bearish for the past few months, and many people have not been happy with me. In fact, many think that I’m completely wrong due to the relief pump that we’ve been witnessing for the past few days.
Aside from that, people are literally jumping for joy because the inflation rate didn’t hike, but instead remained constant at 8.5% (which is still the second worst inflation rate ever recorded). So, I have to admit when I’m wrong, and today is that day. I apologize for thinking that people wouldn’t fall for the hopium and start believing that we are no longer micro bearish. I apologize for not ringing the alarm loud enough. I DO NOT apologize for my original stance.
The data still shows that we have some challenging times ahead. However, I can understand people celebrating the little wins. Let’s just be careful to not get ahead of ourselves. Be careful and take care Fam!
00:00 – Intro
01:41 – Inflation has fallen to 8.5%
02:53 – Bitcoin monster pump
03:22 – Will US CPI be the catalyst?
05:04 – Soft landing and no recession
06:01 – Elon Musk selling $6.9 billion Tesla shares
07:10 – Momentary celebration
07:59 – Neo Tokyo news
08:33 – Potential scenarios
10:18 – Make a plan
11:09 – Need more time for healing
11:52 – Outro
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DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR