In this week's episode, sprocket888 and viperxl007 reflect more on the market's reaction to the FOMC meeting. They look at the testimony by chairman Jerome Powell to congress and comment on their view. viper keeps his eye on crypto and is very excited about a change in the Avalanche ecosystem. Traders can now deal on the Avalanche blockchain with Bitcoin DIRECTLY. This is a huge milestone for what it means can be created. Previously traders would need to work with an intermediary to trade Bitcoin on Avalanche (this is known as wrapped Bitcoin). While we are not out of the woods yet, viper and sprocket then talk about some of their near-term plans in the equities market. viper is looking to 'dollar cost average' back into some ETF products ($VOO and $VTI). sprocket recently took the assignment on many shares and will be looking to hold and sell some calls against them. Then they close out with the suggestion to continuously 'drip' into your brokerage account.

  • 00:00 Disclaimer
  • 00:21 Intro
  • 01:09 Shake out from the big FOMC meeting
  • 07:10 Many traders today have only ever known low-rate environments
  • 08:55 viper has been watching some exciting news in crypto. Bitcoin native on Avalanche
  • 15:29 viper discusses his reentry into equities and how this will happen
  • 18:55 One of the first products is an ETF tracking the SPY and another for the whole market $VOO and $VTI
  • 21:38 sprocket likes the passive drip method into indexes, especially after significant pullbacks
  • 22:17 A look at the near-term roadmap for sprocket's portfolio
  • 24:32 sprocket is VERY bullish on banks and a large holder of C
  • 27:27 Weekly deposits can be an excellent way to drip in capital
  • 30:33 Many products in the market don't allow for partial shares, so make sure you check that
  • 31:35 Conclusion: No summer doldrums this year; keep up the drip
  • 32:24 Outro

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