Welcome back to another gloriousss day with Renaissance - the newsletter equivalent of a Bloomberg terminal forgotten about in Gary Vee’s basement……it doesn’t get any clearer than that.

An interesting one this week. Heartfelt business advice, alpha and mystery Crypto wallet's.

So kick your feet up, set your slack channel to ‘Do Not Disturb’, change your pronouns at work to ‘we/them/bois’, and enjoy.

*You watching your smart friend’s stock trade you blindly followed asking ‘When moon?’

Here’s what you need to know today:

Public Markets FUD And WTF To Do - An Analysis

Elon Musk Loves The Crypto LADYS - He Tweets And The Price Jumps 11,500%!

Coinbase Mass Exodus

Debt = Good?

.......And Of Course. Your Daily Source Of Alpha 👇

The Board

The Renaissance Over-Under

Where do you think the markets are going next week?

Business, Money Markets & Financial News

Current Market FUD & WTF To Do About It - A Breakdown (I’m Having One..…Stocks, Cycles, Debt Ceilings & The Tell Tale Signals)

Ol’ Janet Yellin, Secretary of the Treasury, still out there yellin…….over the debt ceiling.

Let’s get into it, here are some headlines:

Which one is bullshit? That’s right, Renaissance, both of them!

- If you didn’t realise it already, banks and their paid analysts aren’t doing too well these days. And while everything is on fire in the US financial system, they’re the ones holding the balance sheet of assets and inflating cash. 💸

- Thus I ask you, do you really want to take advice from a bank's paid media outlet like this?

- They’re shilling their bags onto consumers with headlines talking of 19% rips! Meanwhile the US is looking more and more like a scene from Mad Max every day!

- Here at Renaissance we look into all their claims, here’s their bullshit argument: 👇

“The 2023 trend for the S&P 500 is like other 'Wall of Worry' bullish turns in 2020, 2019, 2016 and 2012"

- Picking completely random years to support a headline is not fundamental analysis guys 🤷‍♂️

- I am very much a wall of worry, I think that just about Sum41s it up! All of those plucked years were astronomically better economically than 2023. They don’t apply. But this is what they want you to think whilst not addressing the problems.

- Their second piece of evidence: 👇

A sorbet of bullshit if you will, “A second signal flashed on March 31st when the New York Stock Exchange triggered its 34th breadth thrust since 1930.”

A bullish signal in typical scenarios..…but WTF does that even mean??

- MATH TIME, a breadth thrust for dummies: Take the 10-day moving average of the number of advancing stocks, then divide by the number of advancing stocks plussss the number of declining stocks. That gives the whole picture of the market as a percentage!

If it’s under 40% then rips above 60% in 10 days or less, the indicator is triggered.……and you don’t get a free pizza. 🍕

- Under this measure the average return has been 18%……STUPID. This doesn’t factor in inflation, the debt ceiling, bank failures and a war!

- All of which will destroy that prediction by 2024 when you look at the other shitty years with a breadth thrust.

- TLDR; Bank of America is talking shit again about a bull market…….a bank telling you it’s all good. Shock.

- Renaissance’s evidence for a shit 2023 for ya money: The headline about dropping inflation is a lie. It’s getting even worse. It actually increased 0.4%, not decreased.

- The number they report is YEAR-OVER-YEAR INFLATION GROWTH - it was already sky high last year. 📈

- DUHHHHH, we’ve compounded 5% inflation for > 3 years. It can’t be higher unless we all turn Venezuelan (1198%……..Jesus).

- TLDR again; The war, inflation, and if the debt ceiling defaults (or even only gets extended), creates a dollar market catastrophe and the more likely scenario is that you have a lost decade of gains.

- Or they print more to pay the debt and your money is even more worthless and we all trade only in seedssssss.

- The only piece of Alpha ⚡ you really need to tell if it’s going to be a good year or not: Wall Street and bank bonuses are being slashed this year.

So why say that everything’s looking super bullish and it’s all gonna turn out great, yet their bonuses are slashed?

Because they want their moneyyy. Then they’ll pretend they never said it and change their tune. 🤷‍♂️

Why Luxury Property For Passive Income Is A Buy 🏠- Warren Buffet 101 Philosophy

- Like we said, markets aren’t good. Let’s get specific.

- Airbnb stock slid over 12% on warnings of a booking slowdown in Q2.

- Insight ⚡: this isn’t actually negative. 2021-22 was artificially high due to Covid. While this looks negative now, it will come to be priced by Wall Street as normal by Q4.

- Airbnb made a recent shift in advertising trying to push single room rentals to boost revenue. Shifting focus in demand to low cost property for operators.

- The otherrrr very interesting data point here that ties it all together, is that luxury home prices fell for the first time since 2008 and will likely keep sliding! 📉

- Prime Global Cities Index dipped 0.4% and will keep dipping like a fat kid with cheese sticks!

- This shift from Airbnb, the slowdown, bad markets, and the Federal Reserve having to cut rates in the coming quarters make it a perfect storm if you can read the market right now!

- TLDR; Warren Buffet 101, be greedy while others are fearful. The attention on luxury assets is decreasing, as is their price, they’re currently being sold off due to high interest, and Airbnb have changed focus. You should buy them now.💰

- By Q4 Airbnb will mostly have room listings and lower quality listings, making luxury listings more rare after this shakeout (demanding higher nightly prices).📈

- By Q4 peak interest rates will have been cut by the Federal Reserve and the affordability of luxury property will be better. Andddd then so will their profitability!

- These assets haven’t dropped since 2008, and it’s purely down to perception, interest rates, and affordability. These factors are transitory and mispriced - they never drop otherwise.

- Smart money will monopolise luxury assets this year that are cash flow producing. By 2024 your unique listing affordability will massively increase your wealth and passive income.

- Acquire, weather the interest rate storm, hold the asset for 2 decades. Guaranteed wealth building. ⚡

LITTLE BITS 😎

The Airbnb Superhost Millionaire Article

The Etsy Seller’s Story -$730,000 In Sales

Black Hawk Down Speech (Powerful Stuffffff)

Possible Debt Ceiling Outcomes

NOSTALGIA OF THE DAY

Crypto Market & NFT News

We Love The LADYSSSS, And So Does Elon Musk - Elon Tweets A ‘LADYS’ Meme & The Price Jumps 11,632% 📈

- The classic Elon effect and his insider trading. Here’s the Alpha to catch these moves before they happen! ⚡

- A strange new address was created an hour before the tweet. It took $45K in ETH from Binance and bought $LADYS.

- NO OTHER WALLET TRANSACTIONS EVER. This has intent and conviction all over it and is unsualllll.👀

- Watch wallets and especially new ones. This is how the money moves for these big jumps and it happens fast. So set up trackers, watch favourited wallets!

Speaking of……

- This wallet spent $20k on 11 trillion $LADYS just before the tweet! He then sold only 3 trillion for $300K! He currently holds $1.16M left over from the investment!!! His wallet to follow: https://t.co/GHVd5Ic5zO

- This wallet only bought PEPE & LADYS in the last few weeks and made over 35 times his money on each trade! Extremely strategic and patient timing!

- Add it to your watch list! The timing of both are near perfect and the wallet is active.

- Watch the sign in the wallets guys, all the signs are there 👀

COINBASE - They’ve Started A Crypto War On PEPE & Now There’s A Mass Exodus From The Exchange

- i.e. We read it right last week. We called the case against COIN’s centralisation and insider decision making - being a defacto extension of the SEC.

- And this week there’s a revolt from the Crypto/PEPE community! Emails leaked from inside Coinbase show that Brian Armstrong decided not to list PEPE as he thinks it’s a symbol of hate!

- Now whole communities are seeking to cancel Coinbase and move their money offline! Watch this price next week.

Wealth Building, Personal Finance Hacks & FAT FIRE

Debt = Good?

- We love buying nice stuff here at Renaissance. But as we all know, we also love building our wealth.

- Here’s how to live your best life, while also not being a complete dope. 🤷‍♂️ Today we’re going to talk about the key difference between debts.

- Essentially, high level, top down.

- Good debt is used to invest in something that will increase your income, wealth, or value in the long term, such as education, business, or property. 📈

- Bad debt is used to pay for something that will decrease your income, wealth, or value in the short term, such as consumer goods, vacations, or gambling. 📉

- But at Renaissance we like to buy that watch, that car, that essential superyacht. But you can be smart with your debt.

- If you are offered 0% finance. Always take it. Seriously. Even if you have the money!

- Lets look at an example: You want to buy that watch. It’s worth $12,000 dollars and they have 0% finance for 2 years. This means you pay 0% interest and it’ll be $500 a month. *Maths nightmares…..I know but stick with it!

- This is a liability. It’s debt. But this is actually smart debt even though you can buy it outright! Especially with inflation as high as Elon on a podcast.

- You can park that saved $12K in a high interest account earning interest. Then we take into account inflation. $500 today is not the same as $500 in 2 years. Regardless of what they want you to believe.

- Say inflation is 6% and an interest account pays 4%. That same $500 that you could pay today, but instead you’ve took 0% finance and put in savings, will be the equivalent of $500 / (1.06×1.04) = $454 in one years time! The payment in 2 years would be even cheaper again!

- This depends of course on your pay increasing with inflation during this period. Which it always should! Fight for this. We don’t care if you have to move jobs, move city, get a divorce. Just get it done!

Physical & Mental Health

Now it’s time to focus on health. So as Renaissance readers we can also look like Renaissance sculptures 💪

And we need to know how to start the day right.

• Wake up ✔

• Cup of coffee ✔

• Brush your teeth ✔

• Read Renaissance ✔

• Healthy breakfast ❓

Here’s an interesting study on the best breakfast types to start your day 👇

The researchers classified the participants into three groups:

Ready-to-eat cereal: Participants who consumed ready-to-eat cereals as their primary breakfast choice.🥣

Quick breads and pastries: Participants who consumed breakfast items like pastries, muffins, or sweetened breads.🥐

Other breakfast foods: Participants who consumed a variety of breakfast foods such as eggs, dairy products, whole grains, or fruit.🍳

The results of the study showed that individuals who consumed "other breakfast foods" had the highest overall dietary quality and nutrient intake.

Interestingly, participants who consumed ready-to-eat cereals had better dietary quality and nutrient intake compared to those who opted for quick breads and pastries. Ready-to-eat cereal consumers had higher intakes of fibre, whole grains, and several vitamins and minerals.

This leaves individuals who consumed quick breads and pastries having the lowest dietary quality and nutrient intake. They had higher intakes of added sugars and unhealthy fats, and lower intakes of fibre and key nutrients.

Maybe skip that continental breakfast and upgrade to that Eggs Benny 🤷‍♂️🥚

Weekly Negroni

Looking fly and driving by 🚗

- Here at Renaissance we’re all about that. And at the end of the month it’s one of the best events of the year. The most stylish motoring event in the calendar.

Concours on Savile Row.

- One of London’s most famous streets, Savile Row, renowned for its long history of clothing kings and celebrities since 1803, opens itself up to host some of the world's greatest cars!

- We’re talking historic race cars, classic supercars, iconic sports cars and even future concepts. 😎

- The road will be closed off all weekend and you can see some of the world’s greatest cars while getting fitted in the world’s greatest suits. 👔

- The full list of cars and details can be found in the link below 👇

Meme of the Day

Music

Here’s one of our favourite electronic artists from the last few years, Fred Again 👇

And here’s one of our favourite sets of his. 💽

Referrals

You are: 1 referral away from The Next 10x Opportunity in Crypto for 2023 Report

Simply refer your friend using the link below ➡ Reply to this email with the word 'Report' cc'ing in your friend ➡ The report is all yours!

That’s a wrap for today! 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)

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