Greetings from my United flight (hey, I’ve got puts – – that feels odd) as I head back home to my beloved Palo Alto. We prepare for our one-day-trading week on Friday, and for obvious reasons, the futures markets are as dead as a doornail. Here’s the /NQ, which has flatlined since regular trading closed.
In sharp contrast to this, the crypto markets continue to move apace, with the preeminent gambling token Bitcoin slip sliding away, having shed about $15,000 from recent price levels. Remember, folks, this is being hawked as a store of value.
Friday morning promises to hold some dynamism, however, as the monthly jobs report comes out. I hope you have a relaxing and enjoyable actual Independence Day, and thank you in particular to Slope’s paying members.
