Yesterday’s sharp and unexpected selloff in equities has, as required by federal statute, largely reversed. Hopefully in a week when earnings season kicks in full-blast, we’ll get some more fundamentally-based direction that sticks as opposed to all this zany “will the government shut down” nonsense. In any case, it’s a bizarre funhouse ride so far:
More consistent is the world of cryptos, which has had a steady direction: down: I took this snapshot only moments ago, but as I glance at my screen now, Bitcoin is quite cleanly below the psychologically-important $10,000 level, as opposed to just tapping it here.
Gosh, it was just a couple of months ago when we were inundated with this kind of stuff, wasn’t it?