Original Post Can be Found Here…
The last 30 years… we’ve been living in an “unreal” world.
The wealthy, well-developed corners of the globe have outsourced the hard work of manipulating matter and energy to the strivers.
We let Russia pump the gas and China snap …
It’s been a rough year for investors in coinbase.
The company IPO’d at around $300 and the stock is currently trading around $65.
It looks like Crypto Winter has come… and it might be a long one!
Especially …
Let’s step back in time to the beginning of 2022.
NVDA Chart
NVDA just went on a monster move, trading out of its base at 60 all the way up to $330 per share.
The company had a massive tailwind …
When the Nasdaq finishes down 4% on a Friday, it’s a firm reminder that we have not defied the laws of supply and demand…
We’re still in a bear cycle that’s very sensitive to changes in monetary policy.
At Jackson …
Last week finished ugly, that usually means follow through… and as expected… it came.
No big news of note here, just an unwind of a long position that was too late to the party.
Chart
But just when we thought …