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AMT Top Ten Miscellaneous Viewpoints for the 29th of Dec.

AMT Top Ten Miscellaneous Viewpoints for the 29th of Dec.

10. Book: Cargill: Trading the World’s Grain by Wayne G. Broehl, Jr., a book that folks interested in physical commodities may find interesting.

9. Music: A Night in Tunisia played by Charlie Parker and Miles Davis on The Complete Savoy & Dial Master Takes.

8. NBA: Detroit Pistons have now lost 28 straight basketball games. Will the team get a participation trophy at the end of this season?

7. Post-Quantum: While ‘Artificial Intelligence’ grabs headlines, ‘post-quantum cryptography’ is a phrase and reality that corporations will need to learn increasingly.

6. Behavioral Sentiment: Risk appetite has remained firm during this holiday week, which may spark additional optimistic trading banter in January as trends are wagered upon.

5. U.S Treasuries: Yields have continued to move lower, and dovish outlooks regarding the U.S Federal Reserve inside many financial institutions may increase speculative zeal.

4. Gold: The precious metal remains near highs and the price of 2100.00 USD is hovering above, will this level start to be challenged and penetrated?

3. JPY and NZD: Both currencies remain bullish as they recover from long-term USD strength, this while mid-term price realms are being firmly challenged. Technical traders with long-term outlooks may want to start examining one year charts.

2. U.S Equities: S&P 500 on the cusp of record highs, the Nasdaq 100 is at apex values – while the Nasdaq Composite remains bullish, and the Dow Jones 30 continues to create new heights.

1. 2024: A prosperous and peaceful New Year is wished for all.

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NBA Draft Lottery and Victor Wembanyama #1

NBA Draft Lottery and Victor Wembanyama #1

You have likely heard plenty of talk about Victor Wembanyama if you are a basketball fan. Perhaps you still do not believe the potential talent the youngster may bring to the NBA for the 2023-2024 season, but rest assured NBA teams with the capability of landing the ‘definite’ number one pick in this year’s draft are paying attention.

Whoever finishes with the Top Pick in this Year’s Draft will be Celebrating

The NBA lottery will be held on the 16th of May, and there are a handful of teams that have the potential to land VW with reasonable odds. Detroit, Houston, San Antonio, Charlotte and Portland have the best chance of landing the first pick in the lottery due to their respective finishes. There are an additional handful of teams with a very limited chance of miraculously coming out on top and winding up with the number one pick after those teams, but their respective odds are slim.

No one is going to consider trading the rights to this year’s NBA top pick. The team that is lucky enough to land the rights to Victor Wembanyama is going to become a more valuable franchise instantly when the lottery order is known. Likely by an extra half a billion USD, because television, merchandise and advertising rights will increase demand immediately in all facets of business for the lucky team. And Victor Wembanyama knows his financial value too.

The run up to the LeBron James draft in 2003 was special and teams anticipated the results nervously. Somehow and ‘magically’ the Cleveland Cavaliers finished first in the draft lottery. However, the Cavaliers did have a 22.50% chance of landing the top pick, even though conspiracy minded NBA fans still find it more than coincidental that the Ohio native found his way to the Cavaliers so easily while ‘fresh’ out of high school.

This year’s top three teams have a 14.0% chance each, Charlotte the number four team has a 12.5% opportunity, and the Portland Trailblazers have a 10.5% ability. Victor Wembanyama is from France and he has expressed no desire to play for a specific team in the NBA. Outside of the top five teams who could somehow have a ‘lucky star’ strike and land Victor Wembanyama next season are Orlando, Indiana, Washington, Utah, Dallas and a few others with a limited and dwindling chance in the lottery sweepstakes.

Victor Wembanyama’s Draft Rights will Not be Traded to Anyone

If you want hyperbole regarding how good Victor Wembanyama’s NBA ceiling could be, consider that there is likely no NBA player currently playing who could be traded for VW one for one. I am not kidding, this includes Giannis, KD, Steph Curry, Jokic and Joel Embiid. You might scoff and laugh at what has been written with derision, but I am willing to bet the team that lands the top pick for Wembanyama would not be willing to trade his rights, unless not only a Tier 1 top 5 player was offered, but an assortment of draft choices and other players were included too, besides a lot of cash.

Perhaps Wembanyama will fail miserably, perhaps he will get hurt in the future, but his ability to be productive in the NBA is hypothetically off the charts. I believe he will be one of the most productive NBA players of all-time and I have watched a ‘bit’ of basketball. A plausible combination of Kareem Abdul-Jabbar and Kevin Durant as the hybrid is the amount of potential to consider. Wembanyama is a legitimate 7’4″ inches, he can dribble, shoot, run, cut, react quickly – twitch movement, moves his feet well and is balanced. He also plays defense while looking a bit like a praying mantis and possesses a ‘killer’ mentality. There is no doubt Victor Wembanyama will go first in the draft which will be held on the 22nd of June. The real story is who will land his rights next week on Tuesday, the 16th of May. You will hear the city that lands the top pick roar.