Jason's Market Outlook - Week of 7.24.2023

GM  –

Here is the first iteration of my shorter markets outlook video series that I plan to post on the Alpha Feed. A list of topics discussed can be found below. Questions/comments are encouraged, enjoy!

Topics Discussed:

  1. Legacy Markets – S&P500 Index
    • Market pricing in another 25bps rate hike at Wednesday’s FOMC meeting (~98% probability) – CME FedWatch Tool
    • SPX running up against overhead resistance at current levels ~4550
  2. Crypto Majors – BTC
    • Caution may be warranted in short-term amid buyer exhaustion following strong price rally
    • BTC price breaking below month-long range points to path of least resistance potentially lower in short-term, with support around the ~$27-28k level
  3. Flavor of the Week/New Narratives
    • Telegram Bots – very risky but may find PMF as a product that offers better UI/UX for on chain activities/crypto trading (an issue that still plagues most DEXs)

Reports mentioned in this video:

  1. The Year Ahead for Markets
  2. Catalysts Stacking Up – Will Narratives Drive Fundamentals?


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