call up watch king tell him to ice my wrist

spot major bags unfazed

opened longs on SOL + MU

still holding $bluechip, picked up some $counsel for the short term

positioned and letting the market do what it does

side note, new bleach is absolute peak

let’s ride

macro came in a little hotter than expected

durable goods beat, income and spending beat, but real personal spending was flat. inflation was also slightly hotter on the headline with the GDP price index and q2 core PCE coming in above estimates

core PCE itself was in line tho, so i don't think this is some major risk off event. more like a mildly hawkish print and probably not what the rate cut crowd wanted to see

still long but this is just something to keep in mind because hotter macro could mean a bit more chop before the next move

for now, not changing anything. still think the broader setup looks good

bisssssscotttttiiiiiiii

pve

send memory back

MU long worked out nicely. 900 was pretty much the bottom tick. grats if you tailed

NVDA's call tonight was a pretty strong confirmation of the broader memory thesis. demand is still accelerating at a massive scale and customer forecasts are pointing towards further growth + supply constraints are now expected to persist through at least FY28. the part that stood out to me the most was nvidia explicitly citing extreme memory prices as a source of margin pressure and that has been pretty much the whole bet and why I took this trade (remember the 15% price hike?)

good to see the thesis play out

bluechip bluechip

gn

and just like that the market is giving another entry after closing MU yesterday

On crypto side I do feel pretty severely underallocated to majors and have a ton of stables sitting on the sidelines but I don’t want to fomo shove everything back in

derisked pretty hard because I went on a genny run over the past 10 days and I’m okay with missing a little upside (just kidding, I’m not)

happy to hear what you guys are seeing/thinking though. my dms are always open if you have a thesis or something interesting I should be looking at

gn

the best thing that happened to me last cycle was losing everything and being stripped down to nothingness. there is an old kabbalistic idea of the breaking of the vessels where the vessel can no longer contain what is moving through it and breaks under the pressure. from the outside it looks like destruction but on the inside it is the beginning of a different form

the Fool archetype eventually discovers something similar. you spend years building yourself out of money, status, knowledge, relationships, beliefs, achievements, all these little pieces that eventually become an identity and you tell yourself “this is who i am this is what i’m good at. this is what my life is supposed to look like” and then something comes along and takes it all away from you. suddenly you’re standing in the same place with none of the things you used to use as proof of who you were. it’s terrifying because you realize how much of the self was built around what you had accumulated

at the same time there is something sacred about being reduced to nothingness. the alchemists understood that you cannot transform the material without first breaking down its old form. “solve et coagula” or dissolve and coagulate. the old structure has to fall apart entirely before it can become something else

the deepest transformations you could ever go through will never feel like progress while they’re happening to you. At first they will feel like death and the ego calls it loss because it cannot imagine itself without the things it just lost. you’ll ask yourself why me? why is this happening to me? but the vessel was never meant to remain intact and comfortable forever it was only ever meant to change constantly and that same vessel has to break so that you can finally see what was inside

gave you a 100x on $delta btw

$bluechip new ATH

we chilling

been hearing some whispers about a base token announcement

nothing confirmed obviously and it’s all just speculation but you already know how these things go. by the time it’s official everyone is gonna be asking how to farm it. if you’re already using base now is probably a good time to actually start using the base app and start building some history there

use my referral for 10% off fees

https://base.app/invite/friends/TMQFW8KF

could be nothing or we’re just early. and prob worthwhile to get allocated into base tokens in the meantime.

as always nothing is confirmed, believe half of what you see, and nothing of what you hear. gl

on equities side here’s what’s in store for this week:

Monday: US markets open after a US oil deal with Venezuela.

Tuesday: ISM Manufacturing PMI and JOLTs job openings hit; both are make-or-break for rate hike odds.

Wednesday: Treasury's $12.5 Billion debt buyback and ADP employment change data drop.

Thursday: ISM Services PMI drops along with Japan's foreign bond investment data.

Friday: Nonfarm payrolls and unemployment data land, the biggest job data before the FOMC.

If the job market gets worse, rate hike odds will drop as the Fed can't hike in a weak labor market.

If the job market gets better, a September rate hike could become a possibility and will crush the markets.