Market On Open, Monday 18 August
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Wen Seasonality?
by Alex King, CEO, Cestrian Capital Research, Inc
The only-up market continues. The Vix is rumbling along at the lows and Q3 seasonality (bad!) is nowhere to be seen. Perhaps this changes this week - the second half of August and all of September are often hard yards for equities - but as I keep saying about this market, it isn’t correcting until price actually starts to drop.
2025 has been a challenging year if you invest according to fund management rules; rules number 1 through 3 being, protect capital at all times. The desire to protect gains this year has in the main muted those gains, as the only wrong move since April 7 has been to be not long enough. Perhaps prudence earns back some points in Q3; perhaps not.
We’ll take a look at equities, bonds, sectors and crypto as usual in a moment.
But first, this:
You Are Being Enveloped By Ether.
You Just Don’t Know It Yet.
This is your daily reminder to not sleep on the tokenization of the financial system. It is real, it is happening, and it is unstoppable. It is a sweeping change of lower-regulation asset management. It will change how money is made and lost.
If you’re not an Inner Circle member, and you want to use our work to help you win in the new world, can I suggest you either:
- Join Inner Circle to get our absolute best work all in one place, to join our wonderful community of investors and traders in our chat and alerts system, and to get access to our weekly live webinar - in short, to join the team, or:
- Join our Big Money Crypto service which is solely focused on the new world. You can sign up for the newsletter alone (get the paid version if you can), or the algos, or both.
This is where you go to learn about these services, and to sign up too:
If you’re already a subscriber to any of our other services, we’ll always provide a discounted price as a thankyou. Just drop us a line at minerva@cestriancapital.com and we can get you your best price.
Now let’s get to work. Here’s our daily subscriber-only take on the US equity indices, volatility, bonds, oil, crypto, and key sector moves.