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GM. This is Milk Road, swooping in like Thursday’s energy boost – because the weekend isn’t here yet, but our crypto insights are.

Here’s what we got for you today:

GOOD NEWS IS NOW GOOD NEWS 🔄

People said he couldn’t do it…

They said he was crazy for even trying…

No, we’re not talking about that time our little cousin Keith (K-rizzy if ya nasty) kickflipped over his five year old brother. 

(Though that was impressive).

We’re talking about Fed Chair Jerome Powell’s attempt at a ‘soft’ economic landing (aka: weakening an overheated economy without plunging it into recession).

For the longest time, we’ve been saying ‘bad news is good news’ as far as the economy is concerned – cause J. Powell said he wasn’t going to lower rates until the economy cools down.

But today, we’re officially flipping (like Keith before us).

Say it with us: “Good news is now good news.”

Why? Cause while inflation is weakening, if we want to see this fabled soft landing, we need folks to remain:

And wouldn’t you know it…

Translation: 

…so far, so good:

The final piece of the puzzle? We’d like to see unemployment data continue to go up (ever so slightly) on its Sep. 06 release, so J. Powell doesn’t get spooked out of cutting rates on Sep. 18.

(But let’s not look a gift horse in the mouth).

Could we dip in the meantime? Absolutely – it’s par for the course in crypto.

Zooming out:

The longer we see data like this – where inflation weakens, jobless claims stay steady/reduce, and retail spending maintains/increases – the greater the likelihood J. Powell will be able to pull off his desired soft landing.

And that would be epic (in proportions not seen since the Keith era).

THE BANANA ZONE APPROACHES 🍌 

Welcome to Milk Man Meditation, where we take your mind off malevolent market vibes with charts n’ chants.

Today’s session will be focused on seeing the forest for the trees.

(Cause yeah, the market feels a little off right now, but we have a lot to look forward to).

Let’s start with a deep breath in…and out.

Now, gaze your eyes upon this chart:

…and repeat after me:

“Despite the shock of the recent pull back, we are still in the ’Boring Zone.’ The Banana Zone lies ahead.”

This is your new mantra ☝️ (chant it every time you go on Crypto Twitter).

Now, here’s the path set in front of us (focusing on this will help to keep your outlook zen af):

The Banana Zone typically starts as the business cycle expands into its peak.

(What’s a ‘business cycle’? Ask Raoul Pal).

What you need to know is this: 

The expansion is marked by fresh liquidity (aka fresh cash) entering the economy – encouraged by many things, including (but not limited to) lowered rates, which tend to spur borrowing and spending.

…and as we just covered (so far) the planets seem to be aligning for a Fed rate cut in September. ✂️ 

So while the markets are down bad in the short term, the economic set up required to trigger the Banana Zone is quietly building. 

(Hell, this might be your last chance to position yourself before things get wild).

Namaste.

P.S. Still not in a place of mental zen?

Say no more – we got you.

We just sat down with Zeneca on the latest episode of The Milk Road Show to uncover how sharpening your market psychology can help you avoid becoming part of the 95% of traders who lose money. 

Don’t miss it! 🎧

YouTube | Spotify | Apple Podcasts

MILK ROAD PRO PORTFOLIO UPDATES 📊

Look! Up in the sky! It’s a bird! It’s a plane! It’s… the Milk Man sharing his latest portfolio changes.

Like clock-work, every Thursday, we’re here to share our updated list of investments from the Milk Road PRO Portfolio. 

Disclosure: We are not a day trading portfolio so don’t expect a high volume of trades. Read our “how to build a crypto portfolio in 2024” report to learn more about our portfolio strategy.

Portfolio Performance 📈 

The Milk Road PRO Portfolio saw a slight increase over the past 7 days. Our portfolio value is at $89.5K, up 1% since last week.

We remain patient as the macro world and markets try to figure out if the US is heading into a recession and which direction the markets will head next.

As we’ve been saying, we believe that direction is up, however we need macro to confirm this for the market first.

This week we saw inflation head lower and retail sales and job claims look better than expected, adding to our thesis that macro is turning in our favor, and somehow the FED is managing a soft landing. 🛬 

There are still some fears around Japan, so this is always something to keep an eye on, but overall, we continue to feel confident here.

Portfolio Changes 👀

BITE-SIZED COOKIES FOR THE ROAD 🍪

Binance has officially re-entered the Indian market by registering with the Financial Intelligence Unit of India. This marks the exchange’s 19th regulatory milestone globally, allowing it to comply with Indian financial laws.

OKX has introduced Solana's "Blinks" to Ethereum-compatible chains. This technology allows users to execute onchain transactions directly through embedded URLs on web platforms. OKX aims to expand this feature across multiple ecosystems with zero transaction fees​.

Senate Majority Leader Chuck Schumer expressed confidence in passing bipartisan crypto regulation before the end of 2024. He referenced the Financial Innovation and Technology for the 21st Century Act (FIT21), which has already passed in the House. Schumer emphasized the growing bipartisan interest in establishing clearer regulatory frameworks for the crypto industry​.

Vitalik Buterin donated over $500k in animal-themed memecoins to a charity focused on animal welfare. The donation consisted of 200 $ETH, which was sent to the Effective Altruism Funds' Animal Welfare Fund. Buterin encouraged the crypto community to direct future token donations to public goods​.

Wanna team up with the Milk Man? We currently have 2 positions open – check ‘em out and apply here!

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.