The cyclicality of crypto and crypto equities is a real edge for those who read the market structure correctly, and right now, the space is full of opportunity. Since its April launch, our altcoin model portfolio is up 40%, far outpacing Bitcoin’s 9% gain over the same period. Our crypto equity model portfolio has returned +27.8% since August (here), and new opportunities keep emerging. After Circle’s 57% rally (here), we may have identified a better alternative for the next cyclical upswing trade.
Could our next favorite trade be derailed by a higher CPI print? We explain below.
ISM Non-Manufacturing Prices (LHS) vs. US CPI (RHS)
Anthropic is preparing its roadshow for a potential IPO next month, and several stocks could benefit ahead of the actual listing. In Q2, our cross-asset publication identified several space-related stocks as ways to trade the SpaceX IPO before it listed (here). This time, the ecosystem that stands to benefit from an Anthropic listing looks different, but based on our frameworks, the opportunity is here now, and a handful of these plays are already catching fire, as we explain below. Accordingly, we would take profit on our Circle trade and rotate into potential Anthropic IPO beneficiaries we identify below: