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

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

Todays Edition is brought to you by OPM Mastery Inc.

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.

Market Update End of Week:

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:

Latest Market Headline of the Week:

US stocks were mostly lower on Thursday ahead of today’s jobs report

  • Shares of Walgreens fell 5.1% after the company announced it would slash its quarterly dividend by nearly half to strengthen its balance sheet.

  • Disney-owned ESPN and the NCAA announced a $920 million, 8-year media rights deal. ESPN will now hold the streaming rights to 40 NCAA championships, including March Madness, effective September 1st. Disney shares slid 1.2% Thursday.

  • Shares of self-driving car company Mobileye Global plummeted 24.6% after the company slashed its 2024 revenue guidance and warned of inventory glut.

  • Peloton shares jumped 13.9% on news it will partner with TikTok to offer short-form workout videos through a fitness hub called #TikTokFitness.

  • Oil producer APA agreed to acquire oil and natural gas extraction company Callon Petroleum for $4.5 billion. APA stock fell 7.4% in response.

  • The ADP employment report showed the U.S. added 164,000 private sector jobs in December, topping consensus estimates as well as the previous month’s number.

  • Initial claims for unemployment benefits declined to the lowest level since October.

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:

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

Todays Edition is brought to you by OPM Mastery Inc.

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