Weekly Big Updates On Markets & Trending Insights #1 By OPM Capital

Gooood Morning. Its Felix from OPM Capital, where we knit the complex threads of trending business & market events into a comfy sweater of understanding.

It’s Saturday and this is our 1st Weekly Update article! Woohoo. Let’s not waste time. Here’s the last market update.

In today’s email:

• Latest Market Headline of the Week

• Top Stories & OPM Thoughts

• BTC Approval (Coming Up or Is it Today?)

• Other News That Caught Our Eye

• Personal Finance Tips

• OPM’s Portfolio Update

Quote of the day:

Top Stories of the week

1 - BITCOIN ETF APPROVAL TODAY OR NEXT WEEK?

There are rumors that multiple spot Bitcoin ETFs could be approved today… 

I know I know… if you got a dollar after every “Bitcoin ETF approval incoming!” rumor, you could probably buy like 2 BTC at this point. However I follow Jacquelyn for quite some time now, she’s a kick ass reporter, works at Techcrunch which have a ton of insider sources and are always breaking news.

But like all rumors, don’t hold your breath hoping they come true.

My thoughts: I would be watching this date closely regarding whether the ETF is approved or not. ETFs being launched for Bitcoin have always triggered a reversal. If BTC has been rallying up until an ETF launch, a reversals comes. Not ideal for the crypto market as a whole. The whole market been buying this hype for the past 2 months, FOLLOW THE SMART MONEY. I took profits in my alt positions and remain 25% in stable coin (aka digital cash).

2 - Banks Have a Lot of Cash But Aren’t Ready to Use It

The Federal Reserve is set to slash interest rates this year, maybe as many as three times, potentially sparking the economy.  But that’s assuming gun-shy lenders are going to lend. 

My thoughts: These safety buffers are also a response to upcoming regulations proposed last summer. To avoid any future runs, like SVB - new capital requirements are set for lenders. Major banks are required to have $9 to $14 for every $100 in risk-weighted assets. While this may not be exactly applicable to us, consider how macro economics affects how small businesses operate. As a small business owner myself, I increased my buffer of deposits by 10% and lower expenses due to the uncertainty on a macro look.

3 - Americans aren’t alone in their quest for an affordable place to live. (Consumer sentiment is however growing)

Cities across the world are in an affordability crisis, with costs outpacing average workers’ paychecks. If you want a high quality of life at a reasonable cost, the places you can go seem few and far between.

Other News That Caught Our Eye:

• U.S Flights Cancellation rates fell below 1.2% in 2023, the lowest level in 10 years

• Apple received its second analyst downgrade this week over iPhone sales concerns. The company has lost more than $150 billion in market value so far this year.

• The average 30-year fixed rate rose one basis point to 6.62% for the week ending January 4

OPM Portfolio Update & Sentiment:

• Adding to my PYPL (Paypal) Position - Average Cost $53. Adding more around $56-$62 level. Largest position atm

• Trimming Coinbase Position in anticipation for selling the news event after ETF Approval is announced

• Trimming TQQQ Position up 23% to date.

• Up over 130% on main crypto portfolio

  • Holding 25% cash, took profits on SOL, MUBI, AVAX, TIA

  • Looking to load up on LINK, PAAL, FTM and any AI / BRC-20 tokens in the sub 100-200 Market cap. Will update soon