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NVDA earnings Wednesday
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Last two week:
I took a hit in the 1st challenge account for -50k by doing some bad habits in trading. It is now valued around 230-240k from 6k. I am still struggling to gain momentum in the second challenge account as well.
Luckily, I took the capital injection in the big account and stuck it into IBIT this late summer. This as provided a 60% return so far on $2.5m and the overall account is up about 20% from its previous portfolio highs of $9.6m to $11.2-12m. We are clearly outperforming the S&P 500 YTD.
Relevant Topics, News, and Data: Month of November
Pennsylvania plans to add BTC to its government balance sheet by following Florida’s interest in BTC
MSTR plans $42B offering to buy BTC over the next few years
More public companies add BTC to their balance sheet. TZUP 0.00%↑ GNS 0.00%↑ STI 0.00%↑ SMLR 0.00%↑
US government congress puts together BTC reserve bill to buy 1 million BTC
MSFT final vote for BTC investment in December
UK Pension fund follows Wisconsin State pension fund by buying BTC
RED SWEEP IN US GOVERNMENT BRANCHES OF POWER
Rumors of a Ceasefire by Israel as a gift to Trump
NVDA earnings Wednesday
SMCI TO GIVE REPORT MONDAY IN ORDER TO NOT BE DE-LISTED
I still am in the mentality that BTC is the most fascinating story in the financial world since the GFC. Why would I not be incredibly focused on it?
Tuesday will be big for the housing sector as Building permits need to come in hot above expectations to show some enthusiasm in the multi year slowdown in construction. The latest news I heard was that mills are committing to curtailments in order to spark demand. With lumber prices up the last month, and gold selling off, are we about to enter the beginning of an economic expansion period? I think so.
Lowes reports on Tuesday and Target on Wednesday. These two earnings will provide some clarity on retail consumer spending. How are they shaping up?
The main topic for risk on is probably the fact that SMCI needs to report findings on Monday in order not to be de-listed right before NVDA earnings. I highly doubt that they will crash the party and be de-listed.