Quick Thoughts on the remainder of this Year/Cycle 👇 Obviously I'll let the charts, trends and new information lead the way as we go and ideas can change. Just think the below makes sense as we speak. My base case is a slowdown in Summer and a choppy environment for most markets. This does not mean we can't go higher. I just don't think we'll get the real craziness & blow off top or whatever until later in the year/cycle. This would likely be paired with some correction and higher low on stocks. Trump clearly isn't willing to support markets at this level and his tone changed from when SPX traded ~5000. He can just talk the markets up and down depending on where they trade. I also think the Fed isn't likely to do anything to support the markets later in Q3/Q4. Maybe we look through it all anyways and just ignore the noise but it's safe to assume that at some point markets get spooked again by something and the Fed doesn't step in before that happens. Possibly by then, something also has broken and we can start the money printing and QE stage which BTC and crypto love so much. That should also help the overall risk on appetite towards alts. I do think we will see some narrative emerge during the Summer regardless of the market environment. That's something you should focus on as those plays can very well be some bangers for the rest of the cycle. In the past we had DeFi Summer, NFTs, Metaverse all the crazy runs have come around that time. Especially after BTC has had a big run the year(s) prior. Then Q3 we can start the fun and last stage of this cycle into EOY. And yes, I do still think the 4 year cycle has merit and is a decent guideline. Mainly because until now, it's the only thing that has proven to be true over all these years. I also think it matches up pretty well with the overall state of things macro wise. Although the latter is hard to predict.