$(SPY)$ Going to be another volatile crazy trading week. Lots of weekend news and also tons of catalysts that can move equity markets this week. Some WEEKEND UPDATES: Powell and FOMC Rate hike meetings - decision is Tuesday meeting and statements Wednesday of this week
Had some big news out of Europe with CS being bought out around .54 cents a share by UBS it seems. Ticker closed around $2.01 Friday so that’s a -75% overnight shareholder loss if I am reading correctly which will probably continue to put major pressure on the bank trades and panic. Which is why I think BTC.X is getting bids higher
More positive news in crypto - China news over the weekend we saw a headline come through “China legalizes large cap crypto purchases” This may be seen as a policy change so will watch for positive PA in- $(BABA)$ $(JD)$ $(PDD)$ other names I’ll be watching this week for possible upside move ups given how brutal the price action has been over the last few weeks on the mega caps.
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