No Really, We're Being Invaded
314: Risk On Podcast Launch, Debate Preview
Good morning all.
Pumped to announce Episode 1 of the Risk On Podcast with me, Arbitrage Andy, dropped today at 7am ET on Spotify. Working on Apple and other platforms including YouTube today.
I've been meaning to launch this for awhile and like anything, I find that we get tempted to tell people before we do things or that we plan on doing them for a quick dopamine hit and to feel better about our grand plans we have in store — this tricks us into thinking we have accomplished something instead of actually just doing it.
Risk On is going to expand on a lot of the thing we talk about in Arb Letter — with more or less the same style and delivery. Context, data, updates, and more to help you form your own informed opinions about whats happening in the world and how to actually figure out what is going on.
I have a tentative roster of guests to bring on ranging from former military members to business owners to crypto traders and more. Feel free to leave a review and as always I appreciate every one of you who has shown support — whether you’re a long time instagram follower, a new follower on twitter, or a long time reader of the newsletter.
First one won’t be perfect, but we will roll with it. If you listen and enjoy - consider leaving a review HERE (only on mobile devices I believe).
This week in markets we will be keeping an eye on some bounces for some of the names included in our Quick Wins piece last week (for the record I am still long all of those names) but it may not be that simple. As of now (12:01am ET Sunday Night) the Nikkei may be giving us an early look into what awaits us today at market open.
This morning, the stock markets are making an effort to recover after a rough start to September. Last week saw significant declines, with the S&P 500 losing 4.2% and the Nasdaq dropping 5.8%. Currently, the S&P 500 is down about 0.8%, the Dow Jones has fallen by 0.41%, and the Nasdaq Composite is down 1.32%.
In commodities, oil prices have slipped slightly, with WTI crude down 0.5% to $67.82 per barrel and Brent crude down 0.49% to $71.12. Precious metals are relatively steady, with gold trading around $2,503 per ounce and silver gaining 1%.
Investors are focusing on upcoming economic reports, particularly U.S. labor and inflation data, which could impact the Federal Reserve’s future interest rate decisions.
$725 billion asset manager Bernstein said recently that if Donald Trump is re-elected president, Bitcoin could reach $90,000 (WatcherGuru) — this seems in my opinion, like a very reasonable projection. I’d be surprised if this doesn’t happen in the event Trump wins
Americans in recent polling have said you need $778,000 average net worth to be considered financially comfortable in the US (Charles Schwab/Unusual Whales).
Michael Saylor said on CNBC recently that he thinks Bitcoin will eventually go to $13,000,000
Big Lots, the US discount retailer with 1,400 stores, has filed for bankruptcy as stock halves in value in minutes (InsiderPaper)
This week, the cryptocurrency market is experiencing a mix of volatility and anticipation. Bitcoin continues to struggle, remaining in a downward trend and putting pressure on miners who are facing lower revenues. Concerns are growing that the market could face further declines if upcoming interest rate cuts trigger a sell-off, potentially pushing Bitcoin's price down to $40,000.
Despite the current challenges, there is cautious optimism for a possible breakout toward the end of September, based on historical cycles following Bitcoin halvings.
Meanwhile, in the broader crypto space, Cardano has taken a major step by transitioning to a decentralized autonomous organization (DAO), reinforcing its commitment to decentralization and community governance. These developments reflect a highly dynamic market, with traders keeping a close eye on both macroeconomic factors and internal project milestones as they navigate the ongoing uncertainty.
But today — I want to talk about a very real emerging threat across the US. In the last several weeks we have seen crime by illegal migrants surge, with a new devlopment roughly ever other day at this point.
Most people in my opinion highly underestimate the impact this can have on our lives — be it in New York City, Colorado, Texas, Massachusetts, Florida, or elsewhere. There are very few regions or cities in the US that are exempt from the consequences of the Biden Administration’s open border.
Try as they might — the legacy media and mainstream outlets cannot hide the troubling developments across the US. First it was the videos depicting the Venezuelan gang Tren De Aragua raiding apartments in Colorado then the dispatch call from Chicago and then reports of Haitian migrants eating pets and wildlife in Ohio.
Yes you read that right.
As we enter one of the most impactful US elections in this nation’s history — the backdrop is prime for civil unrest and social disturbance. Considering just how high the stakes are for the party that wins or retains power — everyone should pay careful attention to these developments. Not only do they represent the consequences of severe negligence but they may border on intentional subversion of the nation.
The chess board will likely be flipped over in the coming weeks as those in power do everything they can to ensure power dynamics do not change.
Let’s talk about this tremendous surge in criminal activity across the US and why it is likely coming to a town or city near you, that is, if it hasn’t begun to ramp up already.
Don’t write this off as an isolated or passing trend — the damage done to this country is potentially irreparable at this point — and why would it not be?
Millions and millions of unvetted individuals from all over the world — including many military aged males from countries with strong anti American sentiment have been intentionally imported to locales all over the nation. The FBI has confirmed members of the terror watchlist are included in these groups and has been continuously warning about the elevated risk of a 9/11 style attack in the coming months.
Don’t make the mistake of assuming this is relegated to blue cities or border states — the evidence in the last several weeks suggests this is far, far more widespread than is being reported.
Let’s get it.