Discover more from Emporium Chronicles
Ending the Summer Hiatus With a Bang
Volatility is the trade
Ending The Summer Hiatus
September is here, carrying historical volatility in the folds of the fresh fall breeze. The summer months tend to be a bit slower, with many traders taking off for vacations and the like. Considering the VIX volatility index hit a 12- week low around $19-$20, we are right on schedule. Business is going the same as usual, while inflation stayed at 8.9% in July. (After removing food and gas from the index). The core is up; the headline was not what everyone expected.
In recent weeks, keeping up with current affairs has proved to be frantic as many issues rapidly unfold in front of us. The world is imploding as Europe's petrol pumps run dry, and Russia's Western campaign continues, with no end in sight before Winter. Unfortunately, for the world, our predictions regarding global conflict seem to be spot on, with Iraq, Sri Lanka, Ukraine, and now Armenia and Azerbaijan starting to unfold. Others in the Global South face more food shortages, energy crises, and violence. We have more on these topics to share, and while we had a busy summer, we expect to bring you more frequent updates, as is demanded by the current cadence of our 24H world. We are uncensored and uncut, devoid of obligation or agenda, and we are excited to keep sifting through the noise.
Let's begin our update.
The firm's commodities account is up +53%, dating from May 1st, 2021 – today, VIX gained double digits, all originating with Fed Chairman Powell at the recent Jackson Hole Summit. Foolishly asserting that the Federal Reserve harbors no hesitations in sacrificing ordinary working class livelihoods, Powell confirmed that people would feel pain, to which markets faltered accordingly. But hey, what can you expect from a hologram who can't even read a teleprompter? The land of the free is at the mercy of many freakshows "literally" running the cabinet, with government agencies flying off the rails. Coming soon to a neighborhood near you, an armed gang of 87,000 new IRS agents suits up to expand the most significant protection racket in the history of organized crime by auditing your $600 banking and Venmo transactions. Small business owners, be prepared.
They claim this will only impact rich people. This is unlikely at best. The wealthiest among us are not strangers to this reality; they are often audited yearly, hence their sophisticated legal structures and tax shelters. They will not audit people with a 5% tax rate along with these setups, limiting how much they can seize in the first place. As they boast of a market collapse, no sum in the world will shelter Americans from the coming cataclysm. But our leaders will shakedown the poor for pennies anyway.
So we've got the doom and gloom out of the way. Now what? In your best interest, remain highly focused during the coming 12 months. We, as a firm, will continue to sift through this puzzle the way we see them, delivering them to your inbox for convenient consumption. We are still offering our trading suite of indicators, and for those who would like a free trial, don't hesitate to contact me. The firm has received many inquiries in this initial period, and we are delighted to announce the completion of our long-awaited alert system for Metatrader. In simple terms, if you want our algorithms + buy and sell alerts pushed directly to your email, visit our website, send us a message, or email me.
We owe you a deeper dive into Crypto, which will soon be in your inbox. The Ethereum merge is here and is following our most likely scenario. We assume this will enable the centralized banks and backers (JPMorgan) to resume funneling funds into the ecosystem as old banking dinosaurs and newer entities continue building their apps. We are confident that most of these institutions will embrace the centralization with open arms while lying in wait for their crypto bags to escape the black. Since our post called for a bear market in December 2021, the market has trended down. Crypto's market cap has fallen below 1 trillion, and while we don't love ETH, most contenders for a decentralized alternative have proven riddled with fraud, hacks, and failures.
After scouting every coin on the World Coin Index, we found ~three tokens in the green over the past 90 days. Times have been tough for those exclusively trading or investing in Crypto. Irrespective of asset class, our philosophy has always been to hunt profitable ideas, and we still expect to make and take massive Crypto profits this upcoming decade. Centralization and Decentralization are always in a perpetual cycle, a leveling war. One leg up for one side usually means the other is not too far behind, and governments like ours often lag like a reactionary tortoise. While we will steer clear of leading you to crash and burn like the hare, look to us for continued due diligence guiding you to trade all sides as both shoes drop.
I hope you all enjoyed this update. Feel free to visit us and stop by our trading room. You will see our new release schedule and everything coming there.
Till next time,