The information in this message does not represent any financial or investment advice. They're just random thoughts in my head.
gm
MACRO - Yeah it's just a shitshow rn isn't it Equities ended the day down 1%, and futures are opening another 1% lower on both SPX and NDQ. This takes equities back to July 2020 levels, that's PRE successful clinical trials for the Pfizer/Moderna vaccines. That is kinda wild when you think about it altho it also kinda makes sense. Interest rates are relatively stable here but they sit pretty much at YTD highs, 432/418/395/392bps respectively on 2s/5s/10s/30s. We've seen oil drop off a bit but it at $89 it's still proving to be a decent amount higher than the last 2-3 weeks. TBH it's kinda impressive how we continue to just go lower and lower every day. If you zoom out on an SPX chart for 2022 it's just pretty grim really.
CRYPTO - Seems to be finally breaking a bit IDK but crypto vol continues to be very low and we continue to see an outperformance. BTC still above 19K and ETH now at 1285 area but we are meaningfully off the lows still here. It's even impressive how $APE is still above 5 too. Not really sure what to think here re crypto but one thing for sure I'm certainly being patient before adding more. That's not to say I think we should be at the lows rn on crypto because we don't have the same big liquidations here as we did before, but I do thing it's important to be patient here.
NFTs - On the whole it's looking pretty good actually, BAYC tops the volume charts today while the floor has stayed relatively stable at around 78ETH. Pixelmon has seen a pump of around 45% to a floor of 0.68ETH which is quite incredulous although from what I understand there is a new and more legit team at the helm trying to guide that project. Also worth noting we saw an autoglyph trade which now takes that floor to a whopping 345ETH; fair to say that true historical NFTs continue to remain bid, and when I say true I don't mean random garbage like Linagee names that are being MINTED in 2022.
GL today!
-OSF
Comments
No posts