CME Basis Suggests We Are Near a Tradable Low, Plus Some Thoughts on Positioning Ahead of the Election
Oct 3, 2024
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A Rough Stretch Amid Rising Uncertainty Skews Risks to the Upside
The past five trading days have been challenging for the crypto market, marked by significant uncertainty stemming from various geopolitical and economic events. Among the notable sources of market distress are:
Geopolitical Tensions: Iran’s missile attack on Israel has led to heightened anticipation of an Israeli response, with oil prices spiking to $74. Natural Disasters: A devastating hurricane in the Southeast U.S. is expected to disrupt numerous companies and jobs for weeks, possibly months. Labor Strikes: T...Finish reading this report for free
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