GM to the winners club. Crypto Nutshell Pro #91 bouncin in… 🦘🥜

If you’re new here, each Crypto Nutshell Pro is broken down into 2 sections:

The goal?

Help you understand exactly where we are in the cycle.

By now, you should have read through the following page: Read This First

(Click the button at the bottom of the page to continue the welcome series - there are 4 pages in total to read)

These give you a broad overview of the Crypto Nutshell Pro Portfolio and how we’re looking to play the second-half of this bull run.

And in case you missed last weeks Nutshell Pro, you can check that out here.

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Now, let’s jump in…

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Bitcoin is sitting just under $65k, up 3% on the week. Ethereum is at $1,913, up about 2.6%.

A nice modest green week.

But look at what everything else did…

The S&P 500 closed at a record high.

Gold pushed past $4,300. Silver ripped more than 3% in a day.

Stocks added trillions in value on the week. And it was all triggered by a jobs report that, on the surface, looks terrible.

That is the strange thing we need to talk about this week.

The worse the economy looked on Friday, the more markets liked it.

And for once, that logic actually helps us.

Let's get into it. 👇

The Jobs Report That Flipped The Script

For the last month and a half, the single biggest weight on this market has been the fear of a rate hike.

We walked you through it week after week.

Oil was spiking on the Iran war, that was pushing inflation fears up, and the odds of the Federal Reserve raising interest rates in September had climbed to over 80% at one point.

A rate hike makes borrowing more expensive and pulls money out of risky assets like crypto. It was the vice we kept warning about.

On Friday, that vice loosened in a big way.

The US jobs report came out and it was ugly.

The economy lost 23,000 jobs in July.

Wall Street had expected a gain of around 80,000. On top of that, the previous two months got revised down hard, with May and June losing a combined 100,000-plus jobs from the original counts.

Wages barely moved, up just 0.1%.

Here’s why bad news just became good news…

A weak jobs market is the one thing that makes the Fed less likely to raise rates. If people are losing jobs, hiking rates and making things harder is the last thing the Fed wants to do.

The market repriced almost instantly.

Right before the report, traders saw the odds of a September rate hike at around 55%.

Within minutes of the release, that dropped toward 40-46%. The threat we’ve been tracking since June didn't just fade, it flipped. Some corners of the market are now talking about cuts instead of hikes.