Peak bubble yet?
$Trump and $Melania coins driving a frenzy
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Last week, fluctuations followed cooler-than-expected PPI and CPI data, culminating in a robust 2% rally.
On OpEx Friday, markets surged over 1%, with technical indicators turning bullish.
Markets were closed Monday for MLK Day, overlapping with Donald Trump’s inauguration, which is likely to influence upcoming market sentiment. We also had a fun weekend with both Trump and Melania launching their memecoins. Peak bubble yet?
On Saturday, paid subscribers will get our playbook for the upcoming FOMC meeting next week.
The competition
We're diving into another important week as we build momentum towards the FOMC meeting on January 29. Let's stay focused and make the most of the opportunities in the days ahead to strengthen our positions.
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Last week’s performance
Beginning with Tuesday's cooler-than-expected PPI figures, last week initially spurred a market rally, though the mood remained skittish with fluctuations between gains and losses. The atmosphere shifted on Wednesday when the CPI aligned with forecasts, but the core CPI—excluding food and energy—ticked down slightly, sparking a robust 2% market rally.
The markets took a breather on Thursday but picked up momentum again on Options Expiration (OpEx) Friday, surging over 1% and breaking free from the recent downtrend. This movement was underlined by encouraging technicals: the 5-period SMA leapfrogged the 20- and 50-period SMAs, supported by a positive MACD—a classically bullish signal.
Notably, the BASON fund adeptly navigated the week’s volatility, posting a gain of 2%, proving its mettle even in choppy waters. As we edge closer to the FOMC meeting on January 29, all eyes are on how these developments will influence market directions in the coming months.
As for this week, markets was closed yesterday for Martin Luther King Day, with the day also marking the inauguration of Donald Trump as President. His initial policy changes, particularly concerning tariffs and immigration, are expected to impact business and market sentiment significantly. Key economic data are scheduled for release later in the week: consumer sentiment and existing home sales on Friday, and initial jobless claims on Thursday.
But all eyes will be on FOMC which is coming up next week. This is happening in the midst of another frenzy in the crypto space with Trump and Melania coins jumping several thousand percent over the weekend. More to come? Probably. But beware, most of the liquidity of those coins is held in a single wallet. Rug pull highly likely. If you missed it, you missed it.
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DISCLAIMER: Neither the survey nor any of the contents of this website can act as investment advice of any kind. The results of the survey need not correspond to actual market preferences or trends, so they should be interpreted with caution. Oraclum Capital, LLC (Henceforth ORCA) is a management company responsible for running the ORCA BASON Fund, LP, and for organizing a survey competition each week, where it invites the subscribers to its newsletter (this website) to participate in an ongoing prediction competition. The information presented on this website and through the survey competition should under no circumstances be used to solicit any investment advice, nor is it allowed to be of commercial use to any of its readers. The survey and this website contain no information that a user may use as financial or investment advice. All rights reserved. Oraclum Capital LLC.
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