Greetings, fellow Chart Wizards, future pros, wanna-be’s, and the chart curious,

I’m thankful to call Peter Brandt my friend, but seeing as he’s one of the greatest market tacticians of all time, I’m still humbled and honored when he gives me a compliment like this one:

Markets are changing fast, and I wanted to share some FREE alpha with Peter’s readers and Factor members:

What You’ll Find in My Reports

My reports aim to distill the most important market-moving news and highlight both new and existing trade setups in a simple, quick, and easy-to-digest format. Most importantly, everything is framed through the lens of risk management, with a focus on practical, tactical trading.

In short, this is my monthly trading journal. It’s never financial advice (I’m wrong a lot). Do your own research (DYOR) before investing capital.

Enjoy this FREE SAMPLE of Chart WizardsNFT Report #64.

Note: some full pages and select charts have been removed due to their proprietary nature.

ChartWizardsNFT Report #64 – May 5, 2025

What I’m Watching:

Here is a compelling conversation from Dr. Eric Schmidt, former Google CEO, on the intersection of artificial intelligence, biotechnology, and national security.

According to Schmidt AI is “underhyped“. He says it is no longer just advancing computer science and automation, but also reshaping fields like biophysics and materials science. This remark jumped out at me: “The computers are now doing self-improvement… They don’t have to listen to us anymore.”

🔹 Geopolitics, Interest Rates & AI Money 🔹

As markets digest the first U.S. GDP contraction since 2022, a shifting global order is becoming undeniable. A joint U.S.-Ukraine minerals fund, record-breaking container cancellations from China, and rising tariff-driven inflation suggest structural decoupling is no longer just a tail risk – it’s base case.

Fed Chair Powell acknowledged stagflationary pressures and trimmed balance sheet runoff, while Bitcoin dominance and gold prices surged as investors brace for a liquidity pivot.

Meanwhile, OpenAI secured $40B, led by SoftBank, with Trump administration support—marking the largest private tech raise in history. What happens next depends on the Fed, tariffs, and investor resilience.

FactSet: In aggregate, companies are reporting earnings that are 10.0% above estimates, which is above the 5-year average of 8.8% and above the 10-year average of 6.9%.

Torsten Slok at Apollo poured cold water on hopes of getting trade deals done in a timely manner.

🔹 FX 🔹

The U.S. dollar’s global share of global FX reserves has dropped from 72% in 2000 to 58% today. The USD is still dominant, contributing to about 50% of global transactions; however, investors are diversifying away from USD exposure amid rising tariffs and political volatility. In contrast, EURUSD broke out of its multi-month base as Eurozone GDP surprised to the upside while U.S. growth turned negative. The dollar’s relative strength narrative is cracking under the weight of structural trade shifts, fiscal imbalances, and softer Fed guidance. Expect continued capital flows into alternatives as BRICS currencies and gold gain reserve share.

see original eur/usd trade post here

🔹 Crypto Update🔹

Bitcoin Now Positive YTD, Reclaims Key Level as Institutional Demand Surges
Bitcoin jumped to $94.7k following optimism around tariff de-escalation between the U.S. and China, reclaiming the Short-Term Holder (STH) Average Cost Basis of $92.9k – a critical on-chain pivot historically separating bearish corrections from bullish recoveries.

Institutions Choose Bitcoin Over Ethereum
U.S. spot Bitcoin ETFs saw a record $1.54B in net inflows on April 22, dwarfing Ethereum ETF flows, which remain below 1% of spot volume. This reflects a widening institutional preference for BTC, reinforced by macro uncertainty and clear digital gold narratives. For Bitcoin, reclaiming and holding the STH-Cost Basis is pivotal. If this level holds, it could mark the transition to a sustained bullish regime. If not, recent gains risk being another dead cat bounce in a still-fragile macro backdrop.

• $IBIT is a good proxy for charting BTC too (I remain long).

full report below

-JK

ChartWizards Report #64 was released earlier this week for subscribers. If you’re interested in receiving at least one report straight to your inbox for less than $20/month, sign up here: https://www.peterlbrandt.com/chart-wizards/