HBO documentary (airing Tues eve) claims to identify Satoshi. Still a "whipsaw" market but we expect investors to buy the dip, with 3Q24 EPS around the corner.

The chart in this report is only accessible to members
The chart in this report is only accessible to members
The chart in this report is only accessible to members
The chart in this report is only accessible to members

VIDEO: Be sure to tune into the HBO documentary Digital Money (airing Tues night at 9pm ET), where HBO claims to reveal the identity of Satoshi Nakamoto, creator of Bitcoin.  3Q24 earning season starts this Friday with $JPM and so far its been solid.  Small-cap EPS set to grow +43% YoY, outpacing the 5% for S&P 500. (Duration: 5:42).

The chart in this report is only accessible to members
The chart in this report is only accessible to members

If you are feeling "whip-sawed" in October, that is understandable. Our message for this month is expect turbulence into election day but we expect investors to be buying the dips (because there is too much cash on the sidelines). This is consistent with the message from Mark Newton, Head of Technical Strategy, who is expecting equity markets ($SPY) to make new highs this week. And that has been the case. There is still a lot of macro data to get through this week, so we expect markets to be reactive.

Regarding Bitcoin, HBO is releasing a documentary Tues evening called "money electric" and claims they have uncovered the identity of Satoshi Nakamoto, the creator of Bitcoin $BTC. This is airing at 9pm ET Tuesday. Sean Farrell, Head of Digital Assets Strategy, at Fundstrat, has a skeptical take:“We are doubtful that a journalist, after only a few months on the case, will uncover the truth ...
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