tl;dr
Not much to say, sorry.
Market Snap
Market Wrap
Stocks recovering nicely and 10-year yields heading back into a more normal range that we have seen in 2021 suggests that the downside risks from COVID are more than offset by any subsequent delay in removing monetary stimulus.
Nice to see the $50k level retaken yesterday evening with no apparent imminent threat of a breach to the downside. Perpetual funding rates bang on where they should be with open interest on leveraged products significantly lower following the weekend’s liquidations.
Occasional Series – Political hypocrisy
The news that 10 Downing Street had a Christmas Party for 50 people last year when us plebs were stuck at home, should fuel the disdain any rational person feels towards most politicians.
Curious Cryptos’ Commentary – Shameless plug for free Coinbase NFTs
https://coinbase.com/nft/announce/1QNQD7
Curious Cryptos’ Commentary – Sorry, a few things to deal with
There is no commentary today. “Phew” I hear you all say.
Reserve Treasury Protocols (before they all go to zero
