"I Said What I Said!"

Hi There! During this time of the year, when the scorching St. Louis heat takes over, my mind effortlessly wanders to Grand Anse Beach - the epitome of paradise and my absolute favourite spot in Grenada. This alluring two-mile stretch of coastline, with it's crystal clear turquoise water, holds the key to my most cherished memories on the island. I am eternally grateful for the privilege of witnessing numerous breathtaking sunrises and sunsets on this captivating shoreline. I eagerly anticipate experiencing many more in the future.

Alright, let's dig in!

Last week, the market showed some semblance of life after a period of low volatility. All three indices ended in the green, with the NASDAQ and S&P 500 boasting their most impressive weekly gains since March. The market, fueled by growing hopes of a Washington deal to raise the debt ceiling and avert a catastrophic default, closed with the bulls confidently leading the way.

While optimism trickled in, the bears remained cautious. They are clinging to every word uttered by the Fed. Recent data suggests that there is a slim chance that the Fed will implement another 25 basis point rate hike in June. Having said that, the economy's current weakness hints at the emergence of stagflation, characterized by slow growth, a increased unemployment rate, and high inflation. These indicators urge us to rethink our strategies if this state of affairs endures. Now, more than ever, remember that time in the market surpasses any attempt to time the market. Stay informed!

Oil bulls had their last hurrah, bringing the week to a close near $71.86 per barrel. The oil price is anticipated to remain relatively stagnant in the upcoming week. In the event that the price opens below $70.53, it is advisable to set targets for downward movement ranging from $69.86 to $68.89. Conversely, if the price closes above $71.20, targets to the upside can be identified between $72.21 and $74.51.

Other key highlights from last week:

• Robert F. Kennedy Jr and Tulsi Gabbard defended Bitcoin and decentralization

• OneOf and Globe Entertainment released rare Marilyn Monroe Prints as NFTs

• Orange Comet uses SUI for three new Web3 games

• Solid World launched liquidity pools for carbon markets on Polygon blockchain

Watch the following closely in the week ahead:

U.S. debt ceiling talks are expected to dominate market sentiment in the upcoming week. Additionally, focus will be directed towards the Federal Open Market Committee (FOMC) Meeting Minutes and a speech by U.S. Treasury Secretary Janet Yellen.

Keep an eye out for key U.S. economic reports including Building Permits, New Home Sales, Services Purchasing Managers Index (PMI), Initial Jobless Claims, Durable Goods, Gross Domestic Product (GDP), and Core Personal Consumption Expenditure (PCE).

Fed policymakers that are scheduled to speak during the week include St. Louis Fed President Bullard, Richmond Fed President Barkin, Atlanta Fed President Bostic, Dallas Fed President Logan, and Boston Fed President Collins.

This week's earnings releases are shown in the chart below. Most notable companies are outlined in red.

The upcoming high-impact global news to watch includes China Banks Meeting, Euro Area PMIs, the Reserve bank of New Zealand (RBNZ) Interest Rate decision, UK Consumer Price Index (CPI) and Retail Sales, and German Ifo Survey.

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

• Monday (05/22/23) - Third week of May usually the strongest

• Tuesday (05/23/23) - Low volatility expected

• Wednesday (05/24/23) - Trade after 12p CST

• Thursday (05/25/23) - Bullish

• Friday (05/26/23) - Take Profits

Trading Tip: If you see a 15B gain in TOTAL volume within 1 hr - get in the market!

Week 05/14/23 - 05/20/23 Recap

Special Tools and Strategies

If you trade and/or invest in crypto assets or if you would like to complement your own analysis with a great quantitative tool, you should check out Coinz Trader Trend Phases.

Here are some key features:

• The price cycle is divided into six trend phases: Bull, Warning, Weakness, Bear, Recovery, and Strength.

• The current Trend Phase is determined for every Crypto Asset and presented in the chart.

Traders and investors use Trend Phases as an allocation tool. They allocate different percentages to assets in different phases. For example, they allocate the full amount (100%) in Strength and Bull phases, lower allocation in Warning and Weakness phases, and possibly even in Bear phase.

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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.