gm
**MACRO** - Markets are lookin good at the moment, we had a very strong day in equities yesterday with SPX/NDQ closing 1.2-1.5% higher, with futures up again this morning, 0.5% on NDQ. Interest rates have moved higher once again with 10Y at 4.65%. As memtioned yesterday the main focus is going to be on earnings over the next few days, in particular there are some big ones next week while we also have the FOMC which will forever be important.
**CRYPTO** - We're starting to see a bit of an alt rally here as BTC remains at 66.5k while ETH and SOL are up to 3280 and 160 respectively. BTC dominance has dropped by almost 1% in the last 24H to 54.66%. What's really on the move (once again) are memecoins with PEPE and WIF both up about 20-30% in the last 24H. Once again, imo, the market is showing its hand as to how important memecoins are and will continue to be this cycle and I honestly think that's where you're going to get the exponential returns (while of course onboarding plenty more risk). Something to note about PEPE and WIF is that the former experienced a strong rally after Coinbase listed perps yesterday, and the latter is set to go live on Coinbase tomorrow. On the whole it does feel like sentiment is once again picking up across the board in crypto and although I'm not yet fully convinced I hope this is the run that takes us to new ATHs on alts. Another thing worth mentioning is that there has been some more movement on Ethereum ETF applications with Grayscale filing an S3 and Blackrock filing an amendment to their 19b-4. It's been quiet on that front but interesting to see some movement and it shows thiese guys aren't just giving up.
GL today