Let’s Get it Started…
“CapGainz Bets” is +2.43% YTD which is BRUTAL but better than the S&P (-7%) and DOW (-4%) so there’s that…
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1.) E-Z Money - The BIG Story
January was an absolute bloodbath for investors with only one day left of trading. The first month of the year was the worst month for the S&P 500 since March 2020 when the economy crashed at the start of the Covid-19 pandemic. The cause for the selling is diverse: the Omicron variant, inflation, supply chain issues, and planned rate hikes by the Federal Reserve. The tech-heavy Nasdaq Composite is also down significantly, roughly 15% lower than its November all-time high.
2.) “To the Moon” — Retail Investing
Speaking of tech darlings, electric vehicle maker Tesla ($TSLA) is down 20% so far this year. The stock has fallen despite reporting record profits and deliveries in 2021. The Elon Musk-led company made $5.5 billion last year compared to the $3.47 billion made in 2020. It was the company’s third straight profitable year which saw them deliver a record 936,000 vehicles, nearly double 2020 totals. So what gives? Bearish momentum (APE translation = Investors are scared) and a “fear of getting run over” is trumping 2021’s “fear of missing out.”
3.) “The Cypher” — Crypto Investing
The term “crypto winter” is alive and well once again. The cryptocurrency market has shed $1.2 trillion in value in the last three months and Bitcoin ($BTC) remains doggedly lower, trading just above $36K. For those new to digital currencies and the blockchain, “crypto winter” refers to the prolonged bearish market between late 2017 and 2018. BTC’s price plunged 84% during that time and now some are starting to wonder if it has once again returned. The answer: it’s pretty complex. Bitcoin and the broader cryptocurrency market have a very short history, a mythical four-year cycle, and new macroeconomic factors. (Check the link above for more information.)
4.) “Straight Cash” — Sports Betting
L split his two conference championship bets when the NFC Championship between the San Francisco 49ers and the Los Angeles Rams went under as predicted but the AFC Championship between the Cincinnati Bengals and the Kansas City Chiefs missed his early line (51.5) over pick by .5…C’est la vie of bettors! The Super Bowl isn’t for two weeks but that won’t stop L from pounding the early lines again. Currently the Rams are (-4) favorites and the over/under is set at (50). L loves the Bengals points and the money line. Joey B for life!
5.) “The Alternatives” — NFTs, ESGs, & More!
Musicians just can’t get enough of the NFT market. Pop star Justin Bieber is the latest entrant into non-fungible tokens buying a ‘Bored Ape’ NFT for $1.29 million. Bieber reportedly spent 500 Ethereum ($ETH) to secure ‘Bored Ape Yacht Club #3001’, according to OpenSea. That purchase price is more than 300% higher than the floor level of BAYC NFTs, with most selling for just above $270K. Other BAYC owners include Charlotte Hornets star LaMelo Ball, NBA legend Shaquille O’Neal, DJ Steve Aoki, comedian Jimmy Fallon, rapper Eminem, Blink 182’s Travis Barker, and Paris Hilton.
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