DISCUSSED IN TODAY'S VIDEO:Yesterday, the FOMC delivered a broadly dovish package that included a 25 bps cut, improved growth and inflation projections, and the start of balance sheet expansion through $40B per month in bill purchases, which came in well above expectations and supports liquidity-sensitive assets.Market pricing remains far less dovish than the Fed’s outlier projections. There is room for rates to reprice lower if Hassett becomes Fed Chair and pulls the committee toward a more accommodative stance.In my view,...

DISCUSSED IN TODAY'S VIDEO:Crypto rallied strongly, with ETH and SOL outperforming, and BTC and ETH/BTC testing their respective yearly open levels. U.S. spot demand (likely driven by DATs) supported the move, reflected in notable Coinbase premiums. Tomorrow’s FOMC includes a widely expected 25 bp cut, but the key catalysts will be information on the hawk/dove divide and balance sheet guidance. While historical patterns suggest near-term chop after pre-FOMC strength, two-week returns post-FOMC tend to skew positive. It will be important for BTC and ETH...

DISCUSSED IN TODAY'S VIDEO:ETH/BTC continues to show signs of bottoming alongside persistent small-cap tech strength.MSTR surprised the market with nearly $1B in BTC purchases, funded by roughly $963M of equity and preferred issuance. The stock held up well despite the supply, signaling strong demand and reinforcing the idea that last week’s capitulation may have marked a local low.mNAV multiples are expanding again, suggesting capital is beginning to return to the ecosystem through this channel.FOMC is the major macro event this...