The information in this message does not represent any financial or investment advice. They're just random thoughts in my head.
gm
**MACRO** - We closed ever so slightly in the red yesterday and we're ever so slightly in the green today ahead of the big inflation number for which the expectation is 3.1% on headline inflation. If we come lower we rally, if we come higher we could sell off; as usual I think most vol is going to be in interest rates rather than stocks for this number, if we get any big move either way. The last few times it feels like the number has come in higher than expected or in line, so it would be nice to get a "miss" this month.
**CRYPTO** - Another huge inflow day yesterday saw over $500m roll into BTC ETFs while the GBTC outflow was a very small number. I'm impressed that BTC has managed to hold onto its gains from yesterday, despite having a slight wobble over night which has spurred $212m of liquidations in the last 24H. As it stands BTC is just above 72k with ETH at 4022, while SOL looks strong today outperforming both majors to climb above 151 which I think may be a new YTD high for it. The big memecoins took a bit of a breather yesterday with WIF/PEPE posting 10-15% losses while some smaller coins were able to garner attention. For the big coins, the move from 2-3bn to 4-6bn is a very difficult task and only time will tell if we have topped out here or if they have more juice.
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GL Today!