Bottomless

Dump-eve

8:00 PM

  • You tuned up your skis with temperature appropriate wax, and sharpened the edges. These planks of plastic, wood, and metal are going to fly.
  • You made sure to stretch aggressively so that your legs are limber.
  • And finally, you restrained yourself from getting blasted at the local tavern.

Dump-day

6:00 AM

Post-Dump

9:00 AM

Are We Done Yet?

Three weeks ago I penned an essay called Maelstrom, and in it I described the thought process that led me to rationalise my crypto portfolio to holding only Bitcoin, Ether, and a handful of shitcoins I really believe in.

Spread ‘Em

The US President held a solo press conference last week and affirmatively stated that it is the responsibility of the Federal Reserve to tame inflation. Regardless of whether or not you believe the Fed is both 100% culpable for high and rising US inflation, and/or they actually can do something about it with their remit of policy levers, the Fed politically must raise rates. However, the Fed will never 100% commit to any policy; they always leave the door open to change their mind should something blow up spectacularly in the financial markets.

  1. The S&P 500 and or Nasdaq 100 trades down at least 30% from it’s all-time high (3,357 for S&P 500 and 11,601 for Nasdaq 100).
  2. Some nook and cranny of the US Treasury / Money Markets implodes.
  3. Investment grade / high yield corporate bond spreads widen considerably.

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Arthur Hayes

Arthur Hayes

49K Followers

Co-Founder of 100x. Trading and crypto enthusiast. Focused on helping spread financial literacy and educate investors.