Market Shakes off NFP, SMLR Buys More BTC
Reports you may have missed
MARKET UPDATE U.S. TREASURY YIELDS CONTINUE TO ROLL OVER FOLLOWING THIS MORNING’S JOLTS REPORT SHOWING 8.059 MILLION JOB OPENINGS VERSUS 8.35 MILLION EXPECTED. Yields are lower across the curve, with the US10Y decreasing 1.12% to 4.34%. Equities are declining today, with the SPY 1.11% and QQQ 1.08% both trading approximately 0.40% lower, while the IWM is showing relative underperformance despite a decrease in rates. In contrast, crypto assets are responding positively to...
CRYPTO MARKET UPDATE DESPITE THE FAVORABLE ENVIRONMENT FOR RISK ASSETS, CRYPTO IS BROADLY LOWER THUS FAR TODAY DUE TO CONCERNS OVER ACTIVITY FROM MT. GOX WALLETS EARLY TUESDAY MORNING (MORE ON THIS BELOW). BTC 1.37% dropped below $67k after briefly revisiting the $70k level during a Memorial Day crypto rally. ETH 0.18% is also weaker compared to yesterday's price action but is still outperforming BTC on the day, currently trading around $3850....
