The information in this message does not represent any financial or investment advice. They're just random thoughts in my head.
gm
**MACRO** - Good day for stocks yday closing 0.5-0.7% higher as futures are another 0.3-0.4% higher today. Interest rates continued to fall yday with 10Y down to 4.1%, I realised the reason we've probably been dropping there is because of regional bank worries in the US after New York Community Bancorp announced a $1bn capital raise which presumably was on emergency-like terms as the stock crumbled 42%. We're not out of the woods it seems in terms of US regional bank concerns and it's certainly something, IMO, if it got worse, that would cause interest rates to fall but also probably stocks to fall too. The funny thing is a banking crisis is actually very bullish for BTC's use case and I think we would see some BTC strength there like we did last year (but perhaps not in other cryptos).
**CRYPTO** - We had a bit more of a stable day yesterday after Tuesday's shenanigans and BTC current sits at 66.8K with ETH at 3800. ETH has been a strong performer of late but the real winner in the last 24H was SOL which is up a whopping 10%, outperforming both ETH and BTC by that magnitude to hit new 12m highs of 142. I know I mentioned SOL a couple of days ago as a good risk/reward trade...honestly it was meant over a longer period of time..not 2 days lol...but it's nice to see the market thinks the same. Memes are still pretty active here - we saw WIF rise above a $2bn mkt cap for most of the day as $PEPE flirted with ATHs, while $MOG hit new ATHs of almost $500m. It's funny because with that market you have been involved in the last 2Y you'll realise it comes in waves and a lot of people will have PTSD from it dying fast and it felt like that moment could have come earlier this week, yet things have kicked on a bit giving us a stronger chance of seeing 2021 play out again.
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GL today!