The Woke Street Journal
September 19, 2024
September 19, 2024

The Woke Street Journal

All The News That Isn't Fit To Print

Our ETFs

In The News

ETF-Volatility Race Heats Up on 200% Leveraged MicroStrategy Bet-Bloomberg

New ETFs offer high-stakes 2x exposure to MicroStrategy's stock: 'Hot sauce arms race in effect'-The Block

Rex and Tuttle Debut 2x Leveraged MicroStrategy ETFs-ETF.com

REX Shares and Tuttle Capital launch 2X leveraged and inverse MicroStrategy ETFs-Crypto News

MicroStrategy 2X Leveraged, Inverse ETFs Are Here, Offer 'Unparalleled Access To MicroStrategy's Bitcoin Exposure'-Benzinga

Tuttle launches ‘Profits over Politics’ US equity ETF-ETF Strategy

Resources

Webinar Recording: How to Buy Stocks Before Top Money Managers Do.

(Passcode: #ii0yrfC)

Woke Companies

ESG

Wall Street Wants You to Know Profit Comes Before Net Zero-Bloomberg

Banks say their first priority is delivering financial returns for clients—and that means energy-transition investments need to be profitable.

https://www.shareholdersfirstetf.com/

Republicans block Democratic amendments to ESG bills-E&E Daily

The House Rules Committee blocked a raft of Democratic amendments to Republican bills Tuesday evening, denying proposals that aimed to protect corporate climate disclosure requirements and sustainability-driven investing.

House Approves Legislation to Block So-Called ‘Woke’ ESG Investing-NAPA

“As families continue to struggle to afford basic necessities like gas and groceries due to record inflation, the last thing hardworking taxpayers need is for their retirement savings to be depleted due to politically motivated mismanagement,” Rep. Allen stated during the House’s consideration. “This bill rolls back this overreaching rule and ensures ERISA retirement plan sponsors prioritize financial returns over ESG factors when making investment decisions on behalf of their clients,” he added.

DEI

DEI Overpromised, Under-Delivered, Ran Amok-ACSH

The three pillars of DEI—diversity, equity, and inclusion—are flawed, misdirected, unfair, partially self-contradictory, and have seriously undesirable consequences. DEI has devolved into a threat to our educational system, our economy, and our society. It is time to dismantle the entire edifice and return to the basic values of merit, achievement, and the vigorous pursuit of non-discrimination of any kind.

Woke

Presented without comment......

Howling mad! Fury as school allows pupil suffering from 'species dysphoria' to identify as a WOLF

Election

Was there a third attempt on Trump's life?

https://www.gunzetf.com/

Union Bigwigs Decline To Endorse Anyone For President As Rank-And-File Members Overwhelmingly Back Trump-Daily Caller

Market

Yesterday pretty much played out like I thought it might. Seemed like the Fed was leaking 50bps everywhere, and that's what they did. After an initial pop you started to see the buy the rumor sell the news crowd get involved and I think you also had people wondering what the Fed was seeing that told them 50bps was the way to go. So far this morning we are back to don't fight the Fed. Perhaps more interesting was the dot plot, which indicated two more cuts this year and 100 bps next year.

Bottom line, the Fed put is back......

Big Rate Cut Forces Fed to Contend With New Obstacles

At the same time, the rate cut did clarify the answer to a more important question about the Fed’s overarching goal. It underscored Powell’s desire to prevent the central bank’s past rate rises from tipping the economy into recession now that inflation is heading down.

This is possible....

Trump says big cut indicates either bad economy or Fed playing politics-MarketWatch

"I guess it shows the economy is very bad to cut it by that much, assuming they’re not just playing politics. The economy would be very bad, or they’re playing politics — one or the other. But it was a big cut.”

Bruce Willis Party GIF by IFC

Nvidia’s stock picks up a new bull who says there’s ‘still room on this train’-MarketWatch

Naji thinks that Nvidia has a one-to-two-year lead on rivals when it comes to the performance of its AI graphics processing units. That’s one factor behind Nvidia’s ability to boost gross margins to about 74%, above a prior historical range of roughly 50% to 60%. The company has “structurally higher margins,” he wrote, also owing to the “system-level approach” combining many elements of the technological stack.

Still think anytime NVDA dips, it's a gift

We've obviously doubled down on Bitcoin, first 2x Long Spot Bitcoin Then 2x Long MicroStrategy yesterday. I talked to a reporter the other day about Bitcoin and Trump. My sense at time was that Bitcoin wouldn't be impacted that much if he got elected. Starting to rethink that a bit. Not sure whether his interest is selfish, or just an election ploy, if not, and you truly had a supporter in the White House that could make things interesting......

That Time Donald Trump Walked Into a Bar and Bought a Round Using Bitcoin-WSJ

Trump once said bitcoin seemed like a scam, but he has embraced the industry, appearing at a recent conference in Nashville and raking in millions of dollars in campaign contributions made in cryptocurrencies as he promised a more favorable regulatory climate if he wins a second term.

Nothing jumps out at me on the chart, would like to see it move back above the 200 day. Looks like pretty solid support at 54k.

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