The information in this message does not represent any financial or investment advice. They're just random thoughts in my head.
gm
**MACRO** - Stocks are struggling a little here as we closed 0.1-0.4% lower yesterday while futures are another 0.3-0.5% lower today. Interest rates seem to be grinding lower interestingly ahead of Friday and we're now down to 4.19% on 10Y. Honestly don't really have much more to add here at the moment. It looks like the early consensus for payrolls this Friday is 200k, compared to last month's bumper 353k. We'll see what happens, I go back and forth on how markets will react if we have another strong number, it just feels like rates are gonna be the thing that moves but also at current prices with equities at ATHs there is room for disappointment, I'm just not sure what exactly is disappointing for equities at the moment.
**CRYPTO** - Well thinks are getting very spicy now as BTC hit something like 68.5K last night after another $563m ETF inflow last night which occurred despite a $368m outflow from GBTC. It has since retraced to $66.9k while ETH now seems to be on the move climbing to 3768 as ETH/BTC is back up to 0.056. SOL continues to lag with SOL/ETH down about 5% today, down to 0.034. I continue to think SOL is one of the best risk/reward trades here if you have a longer time horizon, just need whatever supply there is to clear out. Memecoin mania continued yesterday as $PEPE and $BONK led the charge to exceed 3bn market caps which is simply just nuts. We saw some consolidation in $WIF yesterday but it's back up this morning after Binance confirmed it would list it today. I'm in two minds about the memecoin market now. It's like, 50% chance this is a meta/szn and we die back down a little bit, and 50% chance we see a SHIB/DOGE-like phenomenon and stuff just keeps going. With the big moves we saw in SHIB and DOGE last couple of days I'm starting to wonder if it's the latter, but it's tough to say and naturally very high risk.
**NFTs** - Shamelessly gonna plug that I am going to be launching Professional Degen 5, a free mint, next Monday 11th March. All the information is in this thread: https://x.com/osf_rekt/status/1764712134888325534?s=20
Find all of our charts on Degenz.Finance and make sure to subscribe to the Mando Minutes Newsletter at mandominutes.com for even more news on the Macro, Crypto and NFT landscapes:
GL today!