Crypto Markets Looking Through the Noise, Leaning Higher (Portfolio Rebalance)
Portfolios:
Please See End of Note for Commentary on Portfolio Changes
Benefit of the Doubt
The market has found some relief since Tuesday on the back of a ceasefire agreement between the US and Iran. We have seen oil come off its highs, VIX and MOVE roll over, and spreads start to tighten. This has led to a commensurate rally in crypto, with BTC moving back to the top of the range we have been meandering in for the better part of the past two months.
HY Spreads:
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