Post 2/3
After a long while we have decided to do a small rebalance, there is an unlock coming at the end of October for $TIA, which will double its market cap. There could be a short squeeze because of this fact, which might mean that the price will increase in the short-term, but due to the uncertainty we are removing it at least for the time being. It is up 15% today, that is why we feel it is a good time to replace it with $PENDLE, which carries $ETH, DeFi and RWA narratives, which also diversifies our portfolio further.
As far as the macro goes the current conditions seem quite favorable to us, which we can also observe in S&P 500 making new all time highs pretty much on a daily basis. There are several factors to consider. First one being is that the FED has had a 50 bps rate cut in September, signaling to the market that they believe they have tamed the inflation and they are planning further cuts in the coming months. The unemployment in the US is also at an acceptable level. There was much talk of a recession in the past few months, but almost none of the indicators are flashing any signs of recession at this time, it is more the media's way of getting clicks with fearmongering, because bad news generally attract more clicks/views/engagement.
