What an eventful week for the markets, there were Congress hearings that turned into middle schoolers calling each other names and a sad rise in private and public businesses going bankrupt because of the credit crisis.

It seems like things are going as planned in terms of inflation going down, housing prices should be falling as well, which means the FED should halt or lower rates here in the near future.

But, there are still some concerns looming in the background that could act as some major roadblocks in the US and world economy.

🗓️ Weekly Outlook

TBD (4/24 - 4/30)

• Debt Ceiling Vote

  • The House is expected to vote on a Republican bill to raise the debt ceiling. The time and day are TBD

Tuesday (4/25)

• United States (USD) | New Home Sales (Mar) | 9am CT

  • Previous (640k) → Forecast (634k)

• Alphabet Inc. (GOOGL) | Earnings | 3pm CT

• Microsoft (MSFT) | Earnings | 3:05pm CT

Wednesday (4/26)

• United States (USD) | Crude Oil Inventories | 9:30am CT

  • Previous (-4.581M) → Forecast (-1.088M)

• META Platforms (META) | Earnings | 3:05pm CT

• CONSENSUS 2023 (CoinDesk) | Crypto Event | Austin, TX

  • April 26-28

Thursday (4/27)

• United States (USD) | GDP QoQ (Q1) | 7:30am CT

  • Previous (2.6%) → Forecast (2.0%)

• United States (USD) | Jobless Claims | 7:30am CT

  • Previous (245k) → Forecast (250k)

• Japan (JPY) | BoJ Outlook Report | 10pm CT

• Amazon (AMZN) | Earnings | 3pm CT

Friday (4/28)

• Germany (EURO) | GDP QoQ (Q1) | 3am CT

  • Previous (0.9%) → Forecast (0.3%)

• United States (USD) | Core PCE Price Index | 7:30am CT

  • Previous (0.3%) → Forecast (0.3%)

🚨 What You Missed

Gary Gensler V Congress. Gary Gensler is known to be a HATER of the crypto world and, for years, has been bashing the industry and making rules and laws as he goes. The biggest problem with this is that whatever the SEC says… goes. So, any crypto named a ‘Security’ makes investors weary of investing in it. The problem is that Gary has said that EVERYTHING is basically a security except BTC… So, congress GRILLED him for hours because the man has no real idea what he’s doing other than making things worse for crypto. It is important to note that this seems to go deeper than just a personal agenda and that he could be the frontman for ‘operation chokepoint 2.0.’

2023 State of Crypto Report. Andreessen Horowitz (a16z), a venture capital firm holding $35 billion AUM, released a highly in-depth report reviewing the entire crypto market and what trends we can see unfolding over the next year(s). Something important that came from the report is a ‘state of crypto index,’ which helps us understand how the crypto field is growing in many areas.

 📇 What To Watch Out For

The Coming Credit Crunch. Everyone has already heard about the banking collapse catastrophe that we narrowly avoided. But putting a bandaid over a massive wound doesn’t stop the bleeding. The FED stepped in and created the BTFP (Bank Term Funding Program), which prevented more banks from going under. However, we are facing a credit problem, which means businesses of all sizes are finding it harder to borrow money than it has been over the last 20 years. The harder it is to find/borrow money, the harder it is to stay in business, and recently we have seen a drastic rise in private and public companies going bankrupt.

Is The FED Pivoting? Interest rates rising, and the FED has been the talk of the town, even for people who have no idea what “FED” means. This is because rising interest rates affect EVERYONE, but it looks like we see the light at the end of the tunnel. As of writing this newsletter, there’s a 90% chance the FED raises rates one FINAL time on May 3rd and then stops for an undetermined amount of time. This is important because this is the first step in the FED pivoting and lowering interest rates, making everything a little bit easier financially. But the one tradeoff is inflation running rampant again…

📊 Important Charts

One Final FED Hike?

Crypto Winter In The Summer?

🐦 Twitter Takeaways

Bonds 101

Bitcoin Fundamentals

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.