PLUS: The banana zone approaches ð August 15, 2024 | [Read Online]( ð¥ Good news is finally good again â Here's what changed ð PLUS: The banana zone approaches ð [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20Milk%20Road&body=%F0%9F%A5%9B%20Good%20news%20is%20finally%20good%20again%20%E2%80%93%20Here%27s%20what%20changed%20%F0%9F%94%84%3A%20PLUS%3A%20The%20banana%20zone%20approaches%20%F0%9F%8D%8C%20%0A%0Ahttps%3A%2F%2Fthemilkroad.beehiiv.com%2Fp%2Fgood-news-finally-good-heres-changed) Todayâs edition is brought to you by [Stier Trade]( â an innovative platform that provides a seamless, automated trading experience specifically designed for memecoins. [Start trading memecoins with Stier!]( [breaker] GM. This is Milk Road, swooping in like Thursdayâs energy boost â because the weekend isnât here yet, but our crypto insights are. Hereâs what we got for you today: - âï¸ Good news is now good news - ð The banana zone approaches - ð¥ PRO portfolio updates - ðï¸ The Milk Road Show: [How to Succeed in Crypto Investments w/ Zeneca]( - ðª OKX brings Solana âBlinksâ to Ethereum chains
[Prices as of 9:30AM ET. Click here for our Fear & Greed Index]( [breaker] GOOD NEWS IS NOW GOOD NEWS ð People said he couldnât do it⦠They said he was crazy for even trying⦠No, weâre not talking about that time our little cousin Keith (K-rizzy if ya nasty) kickflipped over his five year old brother. (Though that was impressive). Weâre talking about Fed Chair Jerome Powellâs attempt at a âsoftâ economic landing (aka: weakening an overheated economy without plunging it into recession). For the longest time, weâve been saying âbad news is good newsâ as far as the economy is concerned â cause J. Powell said he wasnât going to lower rates until the economy cools down. But today, weâre officially flipping (like Keith before us). Say it with us: âGood news is now good news.â Why? Cause while inflation is weakening, if we want to see this fabled soft landing, we need folks to remain: - Employed. - Spending. And wouldnât you know itâ¦
[Source: @CyclesWithBach]( Translation:Â - Jobless claims were less than expected (â
folks remain employed). - Retail sales growth outpaced expectations (â
folks remain spending). â¦so far, so good:
[Source: @KyleReidhead]( The final piece of the puzzle? Weâd like to see unemployment data continue to go up (ever so slightly) on its Sep. 06 release, so J. Powell doesnât get spooked out of cutting rates on Sep. 18. (But letâs not look a gift horse in the mouth). Could we dip in the meantime? Absolutely â itâs par for the course in crypto. Zooming out: The longer we see data like this â where inflation weakens, jobless claims stay steady/reduce, and retail spending maintains/increases â the greater the likelihood J. Powell will be able to pull off his desired soft landing. And that would be epic (in proportions not seen since the Keith era). [BE THE MEME MASTER WITH STIER TRADE]( Sick of the DEX grind? Stier Trade is here with smooth, automated trading magic ⨠ð¡And guess what? You can share in the $200 USDC prize pool by [following just a few simple steps](. Key features for every memecoin trader: - Quick Onboarding: Google, Social Sign-In, or Web3 wallets. - Smart Account Creation: Available for Base and other EVM chains soon. - Easy Deposits: Fund your smart account with your personal wallet. - Diverse Trading Features: Market orders, Stop-Loss, Take-Profit, and more. - Advanced Trading & Automation: Session Keys tech & Account Abstraction Whereâs your Lambo? [Oh right, itâs here.]( [breaker] THE BANANA ZONE APPROACHES ð Welcome to Milk Man Meditation, where we take your mind off malevolent market vibes with charts nâ chants. Todayâs session will be focused on seeing the forest for the trees. (Cause yeah, the market feels a little off right now, but we have a lot to look forward to). Letâs start with a deep breath inâ¦and out. Now, gaze your eyes upon this chart:
[Source: RealVision]( â¦and repeat after me: âDespite the shock of the recent pull back, we are still in the âBoring Zone.â The Banana Zone lies ahead.â This is your new mantra âï¸ (chant it every time you go on Crypto Twitter). Now, hereâs the path set in front of us (focusing on this will help to keep your outlook zen af): The Banana Zone typically starts as the business cycle expands into its peak. (Whatâs a âbusiness cycleâ? Ask [Raoul Pal](). What you need to know is this: The expansion is marked by fresh liquidity (aka fresh cash) entering the economy â encouraged by many things, including (but not limited to) lowered rates, which tend to spur borrowing and spending. â¦and as we just covered (so far) the planets seem to be aligning for a Fed rate cut in September. âï¸Â So while the markets are down bad in the short term, the economic set up required to trigger the Banana Zone is quietly building. (Hell, this might be your last chance to position yourself before things get wild). Namaste. P.S. Still not in a place of mental zen? Say no more â we got you. We just sat down with [Zeneca]( on the latest episode of The Milk Road Show to uncover how sharpening your market psychology can help you avoid becoming part of the 95% of traders who lose money. Donât miss it! ð§ [YouTube]( | [Spotify]( | [Apple Podcasts]( [breaker] MILK ROAD PRO PORTFOLIO UPDATES ð Look! Up in the sky! Itâs a bird! Itâs a plane! Itâs⦠the Milk Man sharing his latest portfolio changes. Like clock-work, every Thursday, weâre here to share our updated list of investments from the [Milk Road PRO Portfolio.Â]( Disclosure: We are not a day trading portfolio so donât expect a high volume of trades. Read our â[how to build a crypto portfolio in 2024](â report to learn more about our portfolio strategy. Portfolio Performance ð The Milk Road PRO Portfolio saw a slight increase over the past 7 days. Our portfolio value is at $89.5K, up 1% since last week. We remain patient as the macro world and markets try to figure out if the US is heading into a recession and which direction the markets will head next. As weâve been saying, we believe that direction is up, however we need macro to confirm this for the market first. This week we saw inflation head lower and retail sales and job claims look better than expected, adding to our thesis that macro is turning in our favor, and somehow the FED is managing a soft landing. ð¬Â There are still some fears around Japan, so this is always something to keep an eye on, but overall, we continue to feel confident here. Portfolio Changes ð The Milk Road PRO Portfolio is available for Milk Road PRO members only. GO PRO AND UNLOCK: - Full access to the Milk Road PRO Portfolio. ð - Our weekly reports that help you invest successfully in crypto. ð° - Full access to our weekly bull market peak indicators. ð - Full access to the Milk Road PRO community. ð« - 50% off Milk Road's NEW [crypto investing masterclass]( ðï¸Â [GO PRO TODAY]( PRO REVIEW OF THE WEEK [breaker] BITE-SIZED COOKIES FOR THE ROAD ðª [Binance has officially re-entered the Indian market by registering with the Financial Intelligence Unit of India.](This marks the exchangeâs 19th regulatory milestone globally, allowing it to comply with Indian financial laws. [OKX has introduced Solana's "Blinks" to Ethereum-compatible chains.](This technology allows users to execute onchain transactions directly through embedded URLs on web platforms. OKX aims to expand this feature across multiple ecosystems with zero transaction feesâ. [Senate Majority Leader Chuck Schumer expressed confidence in passing bipartisan crypto regulation before the end of 2024.](He referenced the Financial Innovation and Technology for the 21st Century Act (FIT21), which has already passed in the House. Schumer emphasized the growing bipartisan interest in establishing clearer regulatory frameworks for the crypto industryâ. [Vitalik Buterin donated over $500k in animal-themed memecoins to a charity focused on animal welfare.]( The donation consisted of 200 $ETH, which was sent to the Effective Altruism Funds' Animal Welfare Fund. Buterin encouraged the crypto community to direct future token donations to public goodsâ. [Wanna team up with the Milk Man?]( We currently have 2 positions open â check âem out and [apply here!]( [breaker] MILKY MEMES ð¤£
[Source: @AltcoinGordon](
[Source: @TheBTCTherapist](
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