fejau
@fejau_inc • 77,681 subscribers
Shitposts, macro, crypto. Host of podcast & newsletter @forwardguidance
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What is happening in crypto right now is a resolution of the dislocation between expectations and fair value since the election in November. This is something we discussed and warned on the roundup on November 16th and ever since price has been flat/down and there's no signs of an SBR which is very different vs the expectations that were baked in. It is because of this concern for a potential dislocation that I/we have been on defence ever since the election after being disgustingly bullish in the lead up to it. The good news is this post-election premium is now being unwound, especially in alts. The bad news is this is happening during a time of relative equity strength. As traders, it is crucial to understand that markets are forward looking and you always need to be comparing expectations baked in vs reality, and not headlines on a standalone basis. Anyway. I'm sad to see the state of things right now and hopefully not too many people were carried out here. I do think that now that a lot of this dislocation has been resolved that the worst is over, but that is dependent on a positive macro environment which I'm not sure of. Godspeed. Forward Guidance Quinn Thompson Tyler Neville
fejau133,844 Aufrufe • vor 1 Jahr
Stoked to be in Korea this week and hosting a fireside chat tomorrow at the Origin Summit!
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