IA Daily Digest (July 29-Aug 1, 2024) (Patreon)

Summary of InvestAnswer's Posts (thanks, Josh, for collecting)

Date: 29 July 2024 - 30 July 2024

• Trading and Investing:

  • Retirement Trading:

  IA sticks with pair trading TSLA, MSTR, and CLSK. He stays with the apex predators. ⁠

  • Diversified Portfolio:

  If you own a little bit of everything, your performance is below average. ⁠

  • TABI Model:

  The TABI model is a composite score of 21 signals. Data feeds can change daily e.g. PI Cycle and NVTS tanked last 4 days. IA does not control the 21 on chain data feeds but one can shoot up and another one can shoot down and chart would stay the same. They have to be equal weight which is rare. ⁠

  • NVDA:

  IA hedged NVDA perfectly at $128, and would consider adding more NVDA at $60. His main plan is to rotate the bag into TSLA - so he will be a little sad if he is not called out. That being said, future earnings could surprise and the ATR MODEL did fire a buy signal at $101 just now

  ⁠

• Bitcoin and Crypto:

  • Zombie Coins:

  IA reminds the team of zombie coins. If we are halfway through the bull, and a coin is still 60% away from all-time highs, it is dead. He learned this by analyzing previous cycles. ⁠

  • Russia:

  Russia to legalize BTC and crypto as a foreign currency for international payments. ⁠

  • MSTR:

  MSTR is going to $2000 - balance your risk reward for new entries. IA was hopping mad today as Schwab was down when MSTR was at $1025 he wanted to load up pre split... now it is 1345!!!! SCHWAB cost him a few hundred K today. ⁠

• Tesla:

  • Toyota Vehicle Sales:

  Tesla’s gas powered vehicle sales have decreased 18% YoY. Proof Ice is dying. ⁠

  • Used Model Y:

  A new trend is growing of pre 2023 Model Y’s priced under 25k which makes it eligible for a 4k tax credit.

Date: 30 July 2024 - 31 July 2024 

Tesla: 

• Cybertruck:

Every cop in the USA wants a Cybertruck due to it being bulletproof.

Solana: 

• Asset Values:

IA shares a graphic of asset values of Fiat, Gold, and SOL for fun.

• Triple Maxi:

IA considers making a video on becoming a SOL triple maxi. We don’t want to refinance homes and YOLO into SOL - but IA will create something. ⁠ 

• CHAT:

SOLCHAT has done awful. Stick with the bigger names they hold up the best.

31 July 2024 - 1 August 2024 

• Trading and Investing:

  • Arb Tool:

  ARB is for BTC and MSTR. When MSTR is overvalued using ARB cloud it is an added proof point for IA to flip to TSLA. ⁠

  • Crypto vs Tesla:

  IA is still very overweight crypto and is probably buying more TSLA at every oppty. He realizes it is the most hated asset and people cannot stand Elon - but IA Says - Elon is the BEST Capital Allocator on Earth and we are very early for Tesla still.

  • CLSK:

  IA filled more CLSK at $15.10. He bought CLSK for a net debit of $1.10 and a break even of $16.10 by 1/16/26. He bought a lot more again today at $11.40⁠

• Bitcoin:

  • Monthly Trends:

• Over the last 19 months, since Jan 2023, Bitcoin had 5 negative monthly closes and 14 positive ones, surging 320%. We closed positive for July up 5.75% ⁠

  • CLSK:

  CLSK has executed 75 MW of power contracts and completed acquisition of their first BTC mining site in Wyoming. With a power capacity of 30 MW, it is expected to add over 2 EH/s to CLSK hashrate before the end of the year. ⁠

• SOL:

  • Dex Volume:

  SOL has surpassed ETH in monthly DEX volume for the first time in history. ⁠

• Tesla:

  • EV Wave:

  Alex on X writes: “The EV was not taken seriously, and now the 10x bigger Robotaxi is not taken seriously. These 2 waves will merge into one massive Tsunami.” Musk responded “yup”. ⁠

  • X:

  X is outperforming Meta and Instagram according to traffic monitoring site Similarweb. X has smashed it out of the ballpark with more visits worldwide than Instagram and Facebook. ⁠

  • Musk Meetings:

  Musk will meet Samsung CEO Lee Jae-yong and Hyundai CEO Chung Eui-sun in Paris in early August. They will disc “the development of next-generation technologies and explore ways to cooperate”.

• Macro:

  • Rate Cuts:

  Markets believe there is a 100% chance of rate cuts in SEPT. Money printer will fire up. ⁠

  • Bank of England:

  Bank of England cuts interest rates by 25 basis points in their first rate cut since 2020. ⁠

  • Mortgage Applications:

  Homebuyer demand continues to plummet in summer of 2024. Just at the peak season for new listings and price cuts. Mortgage applications to buy a house were down -13% YoY in the last week of July. And are down -50% from pre-pandemic norms. Homebuyers are showing no signs of re-entering the market, even though mtg rates are dropping and Fed rate cut is in view.