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Welcome back to another week with Renaissance. The newsletter equivalent of Tom Cruise, we’re a little annoying, we do our own stunts, and we’re into risky business!

LET’S MAKE SOME FUCKING MONEYYYyyYYyyYYyyYyY🎉🎉🎉

Today at a Glance:

Renaissance Lessons from Renaissance: It’s A Crossover!

A Crypto Rorschach Test

An Extremely Rare Stock Market Trigger Has Been Hit!

But before we get stuck, this week we’re brought to you by Masterworks.

A million dollar Banksy got investors 32% returns?

Mm-hmm, sure. So, what’s the catch?

We know it may sound too good to be true. But it’s not only possible, it’s happening—and thousands of investors are smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.

These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 8 exits, the last 3 realizing 10.4%, 35%, and 13.9% net returns even while financial markets plummeted.

But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:

● Outpaced the S&P 500 by 131% over the last 26 years

● Have the lowest correlation to equities of any asset class

● Remained stable through the dot-com bubble and ’08 crisis

Got your attention yet? Offerings can sell out in just minutes but Renaissance readers can skip the waitlist with this exclusive link.

The Renaissance Over-Under

Business, Money Markets & Financial News

Renaissance Lessons from Renaissance: It’s A Crossover! Jim Simons, arguably the best trader of all time and his fund Renaissance Technologies

Great minds think alike….we’re not related in case you were wondering from our great investments….just fucking legends. 😉

-Meet Jim Simons: Math genius, Soviet spy, computer whiz, and White House frequenter! But hold on to your socks, this story gets wilder.

- Jim Simons also happens to be the mastermind behind a hedge fund that raked in $105 billion over 30 years with nearly 40% annual returns!! But his internal practices and algos are closely guarded and shrouded in mystery even today, not many can compete with him with these numbers!

- Simons was born with a passion for math. He could solve complex problems at age three! One day he casually tackled Zeno's paradox, the Greeks' mind-bending riddle. Kid, you're a math wizard!🔮 

- *tiktok has infected my brain and now all I can think about is ‘once I make my moveeeee, the queen will take me, no Ron yOu CaNnNnT’😫

- Simons was so dedicated to math that he'd ponder equations lying on his back with his eyes closed! Now that's commitment. 😂 Only had relationships like that, not thinking sessions…..

- After acing academia, Simons completed his PhD in just two years and landed a teaching gig at Harvard. He was an unconventional prof who never wore socks. Legend! 🧦

- But teaching lost its charm, and Simons needed a new challenge. In 1964, he leaped into the world of intelligence and code-breaking, fighting the Cold War! I fucking love this man… cracking codes, spying, keeping secrets…

- Simons believed the stock market was an abstract intellectual system, just like math. He created a ground-breaking model that only focused on stock moves, ignoring the outside context. It was revolutionary thinking and still is! And can be applied in a number of ways, and Renaissance (us, not him this time) employs it in crypto trading - we use a LOT of data to be sure of trades and how they’ll move, not FOMO or what’s hot!

- His algorithm made tons of money, but it wasn't without its bumps. They bought low but couldn't sell high. Imagine buying gold, and it skyrockets to $865 an ounce, only to crash to $500! Frankly… he fucked it the first time around.

- Simons believed in the power of computers. He renamed Monemetrics to Renaissance Technologies and started using computers to analyze historical market data, laying the foundation for quantitative trading.

- THERE. Right there, is the secret sauce - historical data of the market and just like that with enough computation power you can predict with far more accuracy! (this is definitely a much more technical style of investing and unless you’re naturally inclined to this way of thinking, it’s probably not going to suit you but it is amazing and you should know as much as you can anyway!)

- He even recruited IBM engineer Robert Mercer, who played a crucial role in improving the algorithm. Their collaboration led to enormous success, averaging around 60% annual returns in the '90s.

- Quant trading when done by the top players and the savvy is almost undeniable and on the brink of looking like magic!

- And in many ways it’s the principle of listening to everything that has been, to isolate the one thing today that will be, without all the noise.

What’s your style?

LITTLE BITS 😎

Brian Johnson eat your youthful heart out, a woman is beating the millionaire spending $2M on anti-aging with $108 a month…

Air pollution in Chinaaaaa (*Trump impression) is spiking - I present to you the secret to trading the Chinese market, as economic activity in its industrial heart increases so does pollution! Correlated coughing red dragon

How digital nomads pay no taxes… you’re welcome

Working 8 hrs a day in a normal company with $100k a year salary = $48/hr Working

16 hrs a day at Goldman/McKinsey with $200k a year salary = $48/hr

Don’t be a corporate dickhead, use your time wisely! We ain’t here for no 48 beans. 👀

When people ask me why your trade went the opposite way……..

NOSTALGIA OF THE DAY

Crypto Market & NFT News

A Crypto Rorschach Test: You See Skid Marks And That’s Why You’re Poor, We See Altcoin Open Interest Being The Highest It’s Been Since May 22!✌️

Here’s the qualitative data points you’re sleeping on! Like I heard the fat kid at my house say on Halloween - accumulation is the name of the game! 🍬

Well, he actually said “I’m taking the Reeces pieces from skinny bitches, telling them their ass will get fat, they just hand ‘em over”..…..same principle really

⚡The Simpsons made an episode dedicated to NFTs predicting their surge, and the Simpsons never miss predicting the future….. We are so fucking back!

⚡We told you when we called the bottom with that Rolling Stones article - take note of these qualitative data points and the sentiment shift! Better bring your bib lefleur, cause it’s gonna get messy……

For both Alts and NFTs, fill your bags with top alts and blue chip rare-variant NFTs!

⚡NEW: Cryptopunk #5577 RECEIVES 1,070 ETH (~$2M) BID

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⚡11 MILLION $APE is currently worth $16.3 million dollars and will now be used to sweep Yuga floors thanks to Machi’s proposal passing

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⚡ The Bored Ape Yacht Club founder just bought this punk for 600 ETH ($1.1 million). We might actually be back.👀

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⚡ Data point & a direct trade: Elon recently released his Twitter competitor to Chat-GPT - which is basically just a more vulgar extreme trolling version… Elon is the master of marketing and newsjacking.

- The trend will repeat itself with artificial pumps of non-related tokens! You’ve got to be constantly assessing ‘how does this data point or piece of trending news benefit me’, and if it isn’t - MAKE ITTTTT SOOOOO

- Remember X tokens when he bought it! Grok tokens (which are inspired by Elon’s ChatGPT rival) are already on DEXs and pumping. This is a textbook narrative play! 🚨🚨🚨

- The more and the longer Elon and Twitter talks about Grok - the better the trade and the longer you stay in.

- Don’t forget this will come down faster than a girl on E’s at a festival, either you walk away with your money or your dignity…not both Tracy…not both 🤦

More here…

https://www.coindesk.com/markets/2023/11/06/grok-tokens-inspired-by-elon-musks-chatgpt-rival-pop-up-on-blockchains/

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⚡Memeland & MEME token……jesus christ what a masterclass in showing us all why this is the best market in the world:

- The amount of $MEME claimed by the Memeland community on-chain has just passed $100M.

- The largest single recipient of $MEME from memecoin’s contracts was lastviking.eth, with 71.8M $MEME tokens now currently worth ~$1.75M🔥🔥🔥

- The "You The Real MVP" NFTs, the OG of the Memeland collection, was minted in June, 2022 for 5.3 ETH, $6,535. While some may claim the market for NFTs has shit itself and died, the current value of everything those holders have received is more than $100,000 right now……So suck that non-fungible dick. 👀 

- ⚡And and anddddd, most of the MEME tokens that are attributed to each of the NFTs in the memeland collection are actually still locked up - making a huge arbitrage opportunity from the floor price!!!

- Human: 9.05 ETH vs floor of 4.69 ETH

- Kraken/Shark: 17.2 ETH vs floor of 8.9 ETH

- Kaiju/Kong: 26.4 ETH vs floor of 14 ETH

- Alien: 90.5 ETH vs floor of 50.7 ETH (and recent sales of 30 ETH)

⚡Long term horizons and thought out arbitrages against the value of MEME makes these NFTs all to play for! This is another sign of the dawn of NFT use-cases and utility with more to come like this in the market! Expectations are being set!

More on MEME token airdrops launch here…..

https://thecryptobasic.com/2023/11/03/memecoin-meme-airdrop-goes-viral-with-2-35b-tokens-worth-52m-claimed-amid-high-profile-listing/

 **********And in case you missed it we exited our LEEROY position for a big ‘ol profit, you’re welcome Renaissance family!🥳 More to come next week…

Wealth Building, Personal Finance Hacks & FAT FIRE

An extremely rare but powerful stock market trigger has just been hit last Friday! And here’s what it means. 👇

Get your thinking cap on because this is some real technical shit.

⚡ Zweigh Breadth Thrust

This trigger was created by legendary investor Martin Zweig, well known for predicting Black Monday in 1987 and even coining the phrase “don’t fight the fed.”

So here’s what it actually is. It’s calculated by dividing a moving average of the number of NYSE stocks advancing by the total number of advancing plus declining stocks……… yea we all 100% get it now. 👀

But the play is to buy when this 10-day exponential moving average rises above 61.5% after having been below 40% within the last 10 trading days.

This is extremely rare as it requires a period of extremely widespread selling immediately followed by a period of extremely widespread buying. But this was triggered last Friday after the latest stock market rally! 📈

In fact this is just the 18th time this has happened since 1945! And if history is anything to go buy this is a great signal for future returns for the year. Here’s some historical market data from the past time this trigger was reached.

Over the short, intermediate, and long-term there have been consistently strong gains! The average gains over the next 10 days are 2.4%, 21-day average 5.7%, and the average gain over the next year has been 24.3%. So yes, the market is overbought but is this is a case where the move has been so strong and so broad that this recent rally is going to bring more returns?

You know what we always say here at Renaissance. History is a guide, not a guarantee, and it doesn’t repeat itself but it does rhyme

Meme of the Day

That’s a wrap for this week! Meet us on Twitter to talk all about it. Where we’ll send you jokes, tips, and all important news from the world of money, business and crypto and more! (@RenaissanceDly)

“Net Return" refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the date the sale is consummated. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Regulation A disclosures at masterworks.com/cd.