After the Crypto Gold Rush… and Fed Fund Follies

|February 7, 2024
Cryptocurrency on Binance trading app

All in a dream, all in a dream
The loading had begun
Flyin’ mother nature’s silver seed
To a new home in the sun

– Neil Young, “After the Gold Rush”

There’s been much ado lately about Bitcoin’s sudden resurgence. (Well, maybe it hasn’t been so sudden…) But now investors are starting to wonder…

When the dust settles…

After the excitement surrounding those new spot BTC ETFs dies down…

And after Bitcoin stabilizes or consolidates…

What comes next?

It’s a question we’ve gotten from Manward readers. And Robert addressed it yesterday in his latest piece for Total Wealth.

Historically, Robert says, the biggest opportunity building during times like these has been altcoins…

If history is any guide, we’re approaching what could be a pivotal moment in this crypto cycle – the onset of the final alt season. While NUPL suggests we’re not quite there yet, savvy investors should already be eyeing potential opportunities in the altcoin market.

This isn’t just about jumping on the bandwagon. It’s about strategic positioning and understanding market dynamics.

You can get Robert’s full take here. And we’ll have a lot more for you on the topic soon.

In the meantime, keep those crypto questions coming. You can send them to mailbag@manwardpress.com.

Shifting gears slightly…

From Big Gains to Big Gaffes

We’re still feeling the market reverberations from last week’s FOMC meeting. Both cryptocurrencies and stocks have been hit with chop in the wake of Fed Chair Jerome Powell’s comments.

His big gaffe? Suggesting, in his usual monotone, that we would not see a rate cut in March like many were expecting.

It’s been quite the surprise for anyone who was trading the Fed fund futures prior to the meeting… something Shah has advised against.

These are bets, people. This is not hard data on whether or not we are going to see cuts, because they’ve been wrong a lot… and the futures move a lot… and they change a lot…

Shah’s advice? Understand Fed fund futures and accept them for what they are: a momentary flashing indicator that usually isn’t right.

But that’s just one of Shah’s Monday Takeaways. You can watch his whole rundown (or read the transcript) by clicking here or on the “play” button below.

Video - Monday Takeaways

OK, Back to Gains

A few final notes to send us off…

  • We’ve just released our February issue of Manward Money Report. The issue takes a look at “AI’s wild west” – and in particular, two lesser-known stocks that are taking advantage of this powerful technology going global. Paid-up Manward Money Report subscribers can access the issue here.
  • Alpesh’s hot streak continues… On Monday, we hit another of Mr. Patel’s profit targets in GVI Investor, locking in a 40% gain on Monolithic Power Systems (MPWR).
  • Not to be outdone, Shah closed his own 40% winner in Launch Investor… We removed Recursion Pharmaceuticals (RXRX) from our portfolio for a 40.77% profit, as well as Dorian LPG Ltd. (LPG) for a 14.64% profit.

The fun never stops.

Note: Our goal with this weekly mailing is to shine a lot on any action you may have missed at Manward. We hope you find it useful. If you have a minute, let us know how we’re doing here.

Alex Moschina
Alex Moschina

Alex Moschina is the associate publisher of Manward Press. A gifted writer, editor and financial researcher, Alex’s career in publishing began more than a decade ago when he worked at one of the world’s leading providers of academic research and reference materials. Alex first cut his teeth in the realm of investing when he joined the team at White Cap Research in 2010. There he was charged with covering emerging market trends and investment opportunities. A stint as senior managing editor and editorial director at the prestigious Oxford Club followed. A frequent speaker at conferences and events, Alex has led educational workshops across the U.S. and Canada.