RECAP: WHAT HAPPENED LAST WEEK

Uptember Rolling into Uptober! Don't Miss the ALPHA!

NUGGETS OF ALPHA

• Rektember did not materialize as many forecasted

• The only mega-cap tech stock that is up for the month of Sept was Meta at +1.73%

• 2023 has been the least negative year for BTC over the past 10 years

• In September, an average of ~550,000 new BTC addresses were created daily

• The 10-year U.S. Treasury yield has escalated 30 basis points within five days

• The Fed is paying millions per day to commercial banks on reverse repos and interest on reserves

• BEVs vehicles have gone from 10% of new car sales to 22% in Europe in 2023

• Tesla Model Y sales are up 212% YTD in Europe—S-Curve moment of adoption

• Strike activity in 2023 has reached levels that have not prevailed since the 1980s

• The U.S. housing market affordability is at its lowest point in history

• Americans spend 50% of median pre-tax household income on house payments

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Rektember did not materialize as many forecasted. This lesson will recap what we learned last week and over the month.

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The crypto wrecking ball of September failed to