The information in this message does not represent any financial or investment advice. They're just random thoughts in my head.
gm
**MACRO** - A red day for equities yesterday saw SPX close 0.3% lower while NDQ just 0.17% lower as tech stocks continue to outperform. This morning we are mostly unchanged. Interest rates have seen a pretty big move higher in the past few sessions but that move stabilised yesterday with 10Y currently at 4.16%. The next big datapoint is coming up is CPI which we will get next week on 13th Feb, right before valentine's day. With a string of very strong economic data and a less dovish Fed than expected I do believe there is a lot of risk baked into this number should we come out high again.
**CRYPTO** - We saw some weakness yesterday as majors were unable to retain their recent surge but we're up ever so slightly this morning with BTC at 42.8K and ETH at 2325. The big news this morning is the current Solana outage, the first time in something like 2 year or so I think? At present it appears the SOL price is down to $94 on CEXs. IMO we could see a little dump of SOL + ecosystem coins once it's back up but my guess is that dip will be bought heavily. I still think there is a lot of side-lined money wanting to get into SOL and this probably presents a good buying opportunity. Curious to see how it plays out, it looks like the network is going to be back up soon.
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GL today!