Adding ETH Beta (Core Strategy Rebalance)
Dec 6, 2024
• 3
Min Read
Author
AVAX
-3.37%
BNB
3.72%
BONK
-4.48%
BTC
-0.55%
CORE
N/A%
ETH
-2.43%
HNT
-6.63%
JTO
-1.60%
MKR
5.47%
OP
7.75%
RAY
-6.65%
SOL
-5.63%
STX
N/A%
XRP
-5.84%
BITW
-3.3%
BTBT
-0.76%
CLSK
-1.52%
COIN
-2.36%
CORZ
-0.33%
HIVE
-2.6%
HOOD
+0.46%
HUT
+0.51%
IREN
-0.16%
MARA
-9.78%
MSTR
-2.83%
RIOT
+0.42%
SMLR
-0.5%
WULF
-2.85%
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...