Adding ETH Beta (Core Strategy Rebalance)
Dec 6, 2024
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AVAX
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BNB
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BONK
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BTC
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CORE
N/A%
ETH
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-11.65%
JTO
-14.22%
MKR
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OP
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RAY
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SOL
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STX
N/A%
XRP
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BITW
-14%
BTBT
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CLSK
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COIN
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HOOD
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HUT
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IREN
-22.1%
MARA
-19.44%
MSTR
-17.88%
RIOT
-16.83%
SMLR
WULF
-16.64%
Today's employment numbers broadly met investor expectations, placating a nervous market. Risk assets rallied, aligning with our view that yesterday's de-risking would not persist through today.
Yields continued their downward trajectory, and Fed funds futures also declined, reflecting the market's adherence to the Fed's dovish messaging.
Yields Falling:
Fed Funds Futures Showing More Cuts:
Oil prices nearing YTD lows likely assisted in alleviating near-term concerns about inflation reigniting.
With the weeken...