📊 Weekly Outlook August 26-30:
Market focused on labor market data and Fed rate cuts 📊

News/Sentiment: 📊
• Uncertainty over 25 bps or 50 bps cut
• High focus on labor market (PCE data on Friday)
• Fed funds futures market is pricing in 100 BPS of cuts by EOY
• Market anticipating lower than usual expectation for NVDA earnings

Events This Week: 📅
Mon:
• 🇺🇸US: Durable Goods, Fed GDPNow

Tue:
• 🇩🇪GER: GDP
• 🇺🇸US: CB Consumer confidence, 2 year note auction

Wed:
• 🇺🇸US: 5 year note auction
• 💸 Earnings: NVDA

Thu:
• 🇺🇸US: Jobless claims, GDP
• 🇨🇳CNY: CPI
• 💸 Earnings: DG, ULTA, CPB, LULU

Fri:
• 🇪🇺EUR: CPI
• 🇺🇸US: PCE, Core PCE

Risk Appetite: 😬
• Truflation: 1.47%
• Market fear/greed = 54
• Market breadth = extreme greed
• Put/call = greed
• Junk bond vs investment grade = extreme fear
• AAII sentiment: 1% off 1 year bullish high
• Crypto fear/greed = 55 greed
• High yield bond premium = 3.21%
• High yield effective yield = 7% (slight decrease)

Market Breadth: 📊
• Percentage of $SPX stocks above 200D MA: = 61% (increase from last week)
• Percentage of $SPX stocks above 50D MA: = 67% (increase from last week)
• Percentage of $SPX stocks above 20D MA: = 77% (increase from last week)
• NASDAQ new highs - new lows = 114
• SPY 52 week highs - 52 week lows = 28
• SPY New highs - New lows = Monthly 98 ; Weekly 59

Other: 📊
• Fed rate monitor tool = 30% chance of 50 BPS cut, 70% chance of 25 BPS cut

Daily Memecoin Recap - June 17

0xKitchen cooked hard

Today was one of the craziest days in a while, you're going to want to read this one

Binance replies about billy
$billy -> hit $65m , CTO
- This meme grasped most of the attention
- It kickstarted the dog meta
- It was CTO'd 10+ times

Memes based on billy
$ouppy -> hit $4 .4m same pic as billy, launched before $billy
$bobby -> hit $3 .4m, golden retriever like $billy
$gireumee -> hit $2m , real name of $billy dog
$niggy -> hit $829k , black $billy

Dog meta resurfaced after $billy 's success
$dbtg -> $478k to $1 .4m (2.93x)
$bicho -> hit $5 .4m, CTO, "bichon frise" dog breed
$doggy -> hit $4 .1m
$willy -> hit $2 .1m, CTO
$milly -> hit $825k
$mocha -> hit $552k , CTO
$grumpo -> hit $500k , good team, infinitely memeable

Donald Trump allegedly launched a coin
$barron -> $1 .2m to $7m (5.8x), Donald Trump's son Barron leading the launch
$djt -> $50k to $4m (80x), old Trump coin pumped on the news
$djt -> hit $450m , believed to be the real one, MartinShkreli said it's real on spaces
$psmdt -> hit $578k , "please save me donald trump"
- PirateWires reports that realDonaldTrump is launching a coin on solana
- Draining liquidity from the market, all eyes on this
- Other Trump coins dumped, since they would become larps of the real one

Mystery launch
$ngmi -> hit $365m
- Extremely anticipated with thousands of members in the telegram pre-launch
- Plenty of KOLs on board

Rizz launch
$rizz -> hit $90m
- Very hyped launch solgotrizz
- Got sniped hard, hence the major retracement

Waka Flocka launches
$flocka -> hit $15 .4m
- WakaFlocka has been teasing for days
- People were looking forward to this launch as he sounded serious about it
- He only posted the contract address when it was already at $5m market cap

Fake Ryan Garcia coin launches
$garcia -> hit $1 .4m
- These fake launches often explode before rugging
- People speculate on these for early entry before the influencer posts the CA RyanGarcia

More cooks
$mgm -> $315k to $2 .1m (6.67x), "most googled man",
$peponke -> hit $4m , $pepe + $ponke
$lulu -> hit $2m , cat coin, 50% burn
$anon -> hit $800k , good art
$camel -> hit $679k , same team as $peipei
$bag -> hit $479k , "Ikea Bag", burnt dev supply
$willy -> hit $454k , same dev as $rif (chinese wif)

Even with $sol dumping, we were blessed with countless opportunities today

Can't wait to see what the rest of the week brings us

What's your game plan for tomorrow?