Losing A Day

Today’s Highlights

  • Fed Rate Cut
  • Light Fungibility
  • Crypto Conditions

Please note: All data, figures, and graphs are valid as of October 30th. All trading carries risk. Only risk capital you can afford to lose.

Traditional Markets

Today the United States federal reserve seems set to cut their interest rates for the third time this year.

With the US stock markets near all-time highs, unemployment near all-time lows, and inflation more or less stable it’s difficult to see why the Fed would need to be cutting rates so rapidly. Nevertheless, the markets fully expect them to do it and it seems the cut is already priced in.

Investors will also want to hear about the Fed’s operations in the repo market. At present, they’re injecting $75 billion per day into these short term markets, which is supposed to expire on November 4th.

The ‘silent QE program’ (yes, that’s what I choose to call it because they refuse to call it QE and have gone to great lengths to not call attention to this operation), which is supposed to print $60 billion per month until Q3 2020 is less of a focus but may catch some attention as well.

Out of the many companies that will report their earnings today, the highlights are Facebook and Apple.

For all our clients and colleagues in the UK, it seems we finally have a date for your general election. December 12th. Certainly much later than the Prime Minister was hoping but still enough for him to have a cabinet together by New Year’s break if he hustles.

It’s beginning to look a lot like Brexmas.

Light Privacy

Once again, I’d like to thank the great folks at the Litecoin Foundation for inviting me out and being so hospitable. For those of you who’d like to watch the keynote, just click here.

It was great to see the LTC community, or LitecoinFam as they’re often called, but even more I was excited to glimpse the future road map for the original altcoin.

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