The information in this message does not represent any financial or investment advice. They're just random thoughts in my head.
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MACRO - A strong day yesterday saw equities close +1.5% higher, but we've shed 0.3-0.4% of that move this morning in both SPX and NDQ. Interest rates continue to remain steady at 3.66%. I think it's worth noting that oil has steadily been climbing over the past few days which sees WTI back up to $79 now. Maybe something worth noting is that UK GDP fell by 0.3% last quarter vs expectations of a 0.2% decline. There's some but not a huge amount of correlation between the US and UK economy and I think US economic data is going to be the thing to watch out for next year. IMO the next big datapoint will be US non-farm payrolls which we get on Friday 6th January. Having a look online it looks like early estimates for it are +57k although I wouldn't read too much into that at this stage. If we do see something nearer that number I think markets rally, because we know that Powell is fixated on labour market data in order to even consider a policy change, and payrolls have come in ahead of expectations pretty much every month for the last 6 months this year.
CRYPTO - BTC and ETH holding in there at 16.8K and just about 1200 respectively. $APE seems to be having some strength rising by about 3%. Other than that, not really a whole lot going on here as the volatility is once again sapped out of crypto.
NFTs - Mutant Hound Collars continue to see great strength and volumes climbing to a floor of 0.8ETH. Elsewhere the strength in BAKC is sustained as it climbs to 8.6ETH while MAYC also continues to demonstrate some strength and stability. A lot of "lower priced" projects continue to see a declines while $BLUR farmers do their thing, it appears to be in the most active lower priced collections which is the sweet spot for harvesting for those that don't have a lot of capital. I expect that to continue until the airdrop launches.
GL today!
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