Invictus Capital: Weekly Wrap 14.05
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Market News
Volatility was rife this week in both the traditional financial markets, as well as in the cryptosphere. Wednesday’s shocking US inflation reading for April — outpacing even analysts’ high forecasts — kept markets laser-focused on the future path for central banking and interest rates. This, combined with last week’s surprisingly bad US jobs numbers, have left bears in the driving seat. A key unanswered question will be whether the US Federal Reserve prioritises keeping inflation under control or tackling high levels of unemployment.
Much hangs on whether the Fed will view potentially persistent high unemployment as a structural issue caused by skills mismatches (implying interest rates can rise while unemployment remains elevated), or one that can be tackled with continued loose monetary policy (with the Fed accepting elevated levels of inflation as a necessary consequence of supporting job creation through low rates). The former would likely be terrible for valuations in most asset classes — crypto included. The latter would likely see assets like gold, crypto and equities perform well, at least in nominal terms, while bonds would crater. In an ideal world, unemployment would come down and inflation would remain under control — the basis for the set of reflationary trades that markets have piled into and the driver behind near-record stock market valuations at present — but these recent data points now make this outcome appear less likely.
Both equity and bond markets digested the new data point by undergoing a broad sell-off, with no sectors or regional markets spared. Where there are losers, there are typically also winners — in this case the dollar and gold which had admirable performance with risk-off sentiment abounding.
The incredibly bullish run for Ethereum continued beyond the $4,000 level midweek — somewhat dislocating from Bitcoin. Vitalik Buterin took a stance against the Dogecoin spinoff Shiba, where the developers had sent half of the supply to his wallet. Vitalik sold some of the tokens he had been sent and donated $1 billion worth of Shiba tokens (at the time) to the India Covid Crypto Relief Fund. As would be expected, Shiba prices collapsed.
Bitcoin price action was strong over the weekend before traditional markets halted the bullish sentiment. Late Wednesday, Elon Musk announced that Tesla had suspended vehicle purchases using Bitcoin, citing the use of fossil fuels for mining and transactions, which triggered a selloff that dipped below the $50,000 level. This sparked an intensification of the energy debate, with the narrative favoring proof of stake blockchains such as Cardano and Polkadot which helped offset drawdowns for both C10 and C20.
Indicators (07 May — 14 May)
- Invictus Margin Lending (IML): $1.24, +19.56% (weekly compound annualized rate)
- Invictus Gold Plus (IGP): $1.12, -0.14%
- Emerging Markets Solar (EMS): $1.27, +0.37%
- Crypto10 Hedged (C10): $8.07, -1.80%
- Crypto20 (C20): $5.53, -5.41%
- Invictus Bitcoin Alpha (IBA): $2.51, -8.01%
- Invictus Hyperion Fund (IHF): $0.248 (Updated Q1–21)
- BTC: $49,533.80, -12.34%
- ETH: $3,723.94, +6.58%
- GOLD: $1,825.71, +0.60%
- S&P500: 4,112.50, -2.12%
Zero fees on swapping between Invictus funds this month via the OTC desk
The OTC desk is waiving all fees for swaps between Invictus funds this month.
This is a great opportunity for investors to diversify their Invictus portfolio to protect capital gains — considerations should especially be given to C10 and IML.
Find out how it works here.
Invictus Podcast — Q1 Quarterly Report 2021 — Roundtable
Join our analysts in our first Roundtable discussion as they discuss Invictus Capital’s incredible performance over Q1 2021 and answer questions from our Discord community.
Watch the video here.
Binance Smart Chain $10,000 giveaway
We are welcoming new and current investors to take part in our exciting competition which celebrates the newly launched Binance Smart Chain (BSC) feature. You are automatically entered into the competition by using BSC as an investment method. Ten lucky investors will be randomly selected to win their share of an incredible $10,000!
Read our blog post about it here! Learn how to invest via the Binance Smart Chain here.
Please note that the Invictus Wallet does not support any Binance Chain assets at this time, you can only send BUSDT/BUSD to your unique deposit addresses accessed via the crypto transfer investment method. Binance Chain tokens sent to your Invictus Wallet may be lost.
Rules:
- The competition is open to new and existing investors
- Invest $100 USD or more into one of the Invictus Capital funds
- Investments must be made using the Binance Smart Chain (BSC)
- Investments must be made via our platform during the period of the competition, not via exchanges, and must be held until the end of the competition
- The competition starts 28th April 2021 at 23:59 UTC and closes on 31st May 2021 at 23:59 UTC
- Every different fund you invest in counts as 1 entry. Maximum of 6 entries per person
- Invictus reserves the right to amend the competition rules at any time without prior notice.
Other News & Links
- Invictus in the Press/News
1. YouTube coverage: CÓMO GANAR INGRESOS PASIVOS CON FONDOS DE INVERSIÓN EN CRIPTOMONEDAS [Healthy Pockets]
2. Lock in your profits, diversify your investment portfolio with Invictus C10 [CryptoSlate]
3.YouTube coverage: Invictus Capital Crypto Funds C10 & IML. Was tun wenn der Bärenmarkt kommt? [TOBG]
4. Bitcoin Bull Run Delivers Admirable Q1 Results For Invictus [Bitcoin Magazine] - Hot Inflation Reading Heightens Fed Guessing Game: Traders React
- Syntropy News
1. Syntropy continues to achieve impressive milestones. Join them for exciting events, launches, surprises and more on their ongoing 60 Days of Growth. Follow them on Twitter for updates!
2. You can still register for Syntropy’s Hackathon competitions. Find out more here! Registrations now close June 6. - Ethereum co-founder donates $1 billion of shiba inu coin to India Covid relief
- Lightstreams News
1. Announcing the Lightstreams Wallet
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You can also reach out to info@invictuscapital.com anytime
