Would like to offer something new and interesting to say about this market but there’s not much to say

AI/tech is an exponential secular trend that markets are just working out is not a bubble and is set to unlock massive economic value and profitability

Meanwhile, Iran headlines provide a little bit of short term chop to things but the market remains under positioned so equity dips get quickly bought

Inflation going higher with prolonged war but Fed on hold means real rates coming lower adding a nice risk tailwind - treasuries keep hitting the implicit “lines in the sand” keep bond volatility contained which again supports risk

Bitcoin benefitting from that positive risk tailwind but has lots of supply to digest as we run into the Short term holder cost basis

If you’re long Nasdaq and Bitcoin you can comfortably sit on your hands and ride the wave higher

If you’re short or under positioned, BTFD