Last Month: Challenge Account $6k to roughly $220k (Started Late Oct. 2023)
New $1k challenge starts this week
I took the opportunity by pausing subscription billing to focus more on trading and bouncing back from the CLSK and MARA losses. Within the month, I cleared $40k publicly on twitter with MSTR, and over $300k overall on GME which was posted in the free section of the discord. $160k within the challenge account and 180k in the big account.
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Relevant Topics, News, and Data:
GME earnings call Tuesday
FOMC Wednesday
CPI Wednesday
Yellen speaks Thursday
PPI and Jobs Data Thursday
Fed policy report Friday
Nasdaq and SP500 ranging at ATHs with IWM drifting lower into Powell this week. I really think there is a lot left on the bone for 2024 as we have entered the second half of the year.
BOC and ECB both cut rates while I believe rate cuts in the US from Powell are still much further away and possibly not even happening in 2024. Powell is the last to cut rates globally.
CPI forecasted to come in flat with MoM decreasing. Risk on should enjoy a neutered inflation data point that has gone sideways YoY since Aug 2023 hovering just above 3%.
When will the rotation kick in for IWM? hopefully soon.