Month-End Flows and Shutdown Put Drag on Coins, But Those Headwinds Should Fade, MSTR Tries Again for SPX Inclusion

Discussed in today's video:

Broad Risk-Off Day: Crypto and equities both sold off, with digital assets showing an outsized reaction. However, the VIX, high-yield credit, and bond markets painted a more measured picture. Liquidity Strains from Shutdown: The ongoing government shutdown may be putting additional near-term pressure on liquidity conditions, reflected in a widening SOFR–RRP spread and increased use of the Fed’s standing repo facility as Treasury payments remain frozen. Intra-month Seasonality Effects: Weakness tied to systematic flows and profit-taking ...