"Emotional Rollercoaster!"

Hi There! This past weekend, I experienced the most amazingly peaceful time—a vacation from my vacation. I escaped to Carriacou, one of Grenada's sister isles, and let me tell you, it was an absolute paradise. Spanning 13 square miles, Carriacou (pronounced Carry-a-Cou) is a haven of lush vegetation, pristine beaches, and rich cultural heritage. The island is home to approximately 8,000 of the friendliest, most diverse, and kindest people you will ever have the pleasure of meeting. I reconnected with nature in the most breathtaking way imaginable during my stay. Embarking on a 7-mile hike, I ventured through picturesque areas like Mt. Pleasant, greeted the sunrise overlooking Grand Bay, explored the captivating ruins at the Sabazan historical site (dated late 1700s - early 1800s), traversed through lush vegetation and ravines in the woods to Top Hill, then made my way back to Mt. Pleasant.

The true highlight of my trip awaited me at the renowned Paradise Beach. After a refreshing swim, I hopped on a water taxi to Sandy Island, where I indulged in a leisurely stroll along its bright, white sand and immersed myself in the rejuvenating embrace of crystal-clear water. And my adventure didn't stop there! As a self-proclaimed beach bum, I couldn't resist the culinary delights that awaited me at Paradise Beach Club, Carriacou's premier beach restaurant, bar, and live music venue. The food was nothing short of exquisite, tantalizing my taste buds with every bite, while the drinks, particularly the sea moss colada, were simply delicious. I couldn't have asked for better service as Allison and her staff were incredibly accommodating. This weekend getaway was a true oasis of tranquility and natural beauty, leaving me with a sense of mindless joy that I can tap into whenever I need a moment of pure bliss.

Okay, let's dig in!

In a shortened trading week, markets took a downward turn as the trend leaned toward lower territory. The anticipation surrounding the remarks made by Fed Chair Powell last week added fuel to the fire, stirring thoughts that not just one, but possibly two interest rate hikes are on the horizon for the remainder of the year. Investors held their breath as they assessed the potential impact of these developments, bracing themselves for a shifting landscape in the financial world.

Other key highlights from last week:

• Oil plunged 4% as interest rate hikes outweighed lower US oil supplies

• US lawmaker to re-introduce bipartisan bill to get EV industry into biofuel program

• Bitcoin soared past $31.3K

• Lowe’s ventured into Web3, blending conventional retail with NFTs

• WhatsApp took a step into the Metaverse by integrating with Meta Quest

• Polygon Copilot: an AI-powered guide to Polygon and Web3

Get ready for an action-packed week:

After a dramatic weekend in geopolitical news, there are several key events and indicators demanding our attention this week. Keep an eye on:

• Month- and quarter-end positioning flows as institutional investors rebalance their portfolios. Brace yourself for potential choppiness as these adjustments take place.

• Fed’s Powell, European Central Bank (ECB) Lagarde, Bank of Japan (BoJ) Ueda, and Bank of England (BoE) Bailey take the stage at ECB Forum at Sintra .

• US Durable Goods and Core Personal Consumption Expenditure (PCE) inflation. The latter will most likely set the tone for the markets.

• China Manufacturing/services Purchasing Managers Index (PMI).

• Consumer Price Index (CPI) releases for Australia, Euro Area, Canada, and Japan.

Many investors who are bullish on oil predict that there will be a surge in international travel during July and August. As a result, they anticipate a shortage of crude oil required by American refineries. This is due to the Saudis intentionally reducing the number of barrels they send to the U.S. compared to other destinations.

The most notable earnings for the week (June 26 - 30, 2023) are outlined in red in the chart below.

Next week's anticipated bias (not financial or investment advice):

• Monday (06/26/23) - Expect positioning

• Tuesday (06/27/23) - Take Profits

• Wednesday (06/28/23) - Neutral - Unexpected News

• Thursday (06/29/23) - Bullish

• Friday (06/30/23) - Set stops; protect your profits

Trading Tip: Wait for a retest on breakouts to reduce risk!

Week 06/18/23 - 06/24/23 Recap

Special Tools and Strategies

Studying the historical data of Bitcoin can reveal valuable insights that can improve our understanding of it. By examining Coinz Trader’s Bitcoin Seasonality heatmaps that show the percentage of higher closings and the average percentage change each day since January 2011, patterns start to emerge. It becomes evident that certain months, such as February, April-June, and October-December, have historically proven to be more profitable for Bitcoin investors.

Drawing from this wealth of data, Bitcoin's price action is expected to have a mixed to negative outlook this week.

Disclaimer: This newsletter is strictly educational. The information provided in this report does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the report’s content as such. Please be careful and do your own research.