NUGGETS OF ALPHA
Bitcoin will close the month down ~10%
Ethereum has registered more long-term holders than Bitcoin in 2023
The tokenization market is expected to reach $2.3 trillion by 2028
The higher the Bitcoin price, the more miners receive in revenue per TH/s
BTC mining insiders are buying, indicating the worst may be over
The RWD Model 3 is as low as $29,990 after all incentives are applied
The U.S. is providing up to $12B to retrofit auto plans for electric vehicles
Amazon's ad revenue grew 22% year over year in the second quarter of 2022
6-month change in the JOLTS hires rate has fallen down into a recessionary zone
U.S. commercial property prices continue to fall and are under severe pressure
This story will cover:
Recession indicators
What happened in August
Recent hidden news you probably have not heard
It appears Bitcoin will close the month down ~10%. Historically, August and September are bad performance months, so this should be no surprise.
It has been a tough August–getting ugly around the middle of the month–but the stock market rebounded back up, led by AI stocks such as NVIDIA and Salesforce.
Here is an image of my S&P 500 monthly returns chart dating back to 1928. According to my math, August is
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