Brian Stewart

So if we just look at the markets for today, we're not seeing anything dramatic. It's down again, down about 1% on the S&P 500. So there hasn't been a major snapback yet. So there's not a wave of buyers coming back to the market. So there's generally feeling

So if we just look at the markets for today, we're not seeing anything dramatic. It's down again, down about 1% on the S&P 500. So there hasn't been a major snapback yet. So there's not a wave of buyers coming back to the market. So there's generally feeling

So if we just look at the markets for today, we're not seeing anything dramatic. It's down again, down about 1% on the S&P 500. So there hasn't been a major snapback yet. So there's not a wave of buyers coming back to the market. So there's generally feeling

waiting for either the next shoe to drop or the next piece of data to send the market higher, something that's going to give some sort of idea that we've gotten all the selling out of our system. So I would look for the Fed next week as a major catalyst. Unfortunately, there's not a lot of earnings coming out, so there's probably not going to be a good corporate catalyst for the market in general.

waiting for either the next shoe to drop or the next piece of data to send the market higher, something that's going to give some sort of idea that we've gotten all the selling out of our system. So I would look for the Fed next week as a major catalyst. Unfortunately, there's not a lot of earnings coming out, so there's probably not going to be a good corporate catalyst for the market in general.

waiting for either the next shoe to drop or the next piece of data to send the market higher, something that's going to give some sort of idea that we've gotten all the selling out of our system. So I would look for the Fed next week as a major catalyst. Unfortunately, there's not a lot of earnings coming out, so there's probably not going to be a good corporate catalyst for the market in general.

There might be individual stories that come out, but not something that's going to move the entire market. So you're probably looking to the middle of next week before you see anything concrete. Otherwise, between now and then, we're probably just moving on momentum and just overall sentiment.

There might be individual stories that come out, but not something that's going to move the entire market. So you're probably looking to the middle of next week before you see anything concrete. Otherwise, between now and then, we're probably just moving on momentum and just overall sentiment.

There might be individual stories that come out, but not something that's going to move the entire market. So you're probably looking to the middle of next week before you see anything concrete. Otherwise, between now and then, we're probably just moving on momentum and just overall sentiment.

So Bitcoin's down today, gold's up a little bit, oil's down a little bit. So honestly, that's just sort of on brand for how the market has been lately. Crypto, along with some of the major tech names, has been sort of the big story on the down side. downside as we've been selling off lately.

So Bitcoin's down today, gold's up a little bit, oil's down a little bit. So honestly, that's just sort of on brand for how the market has been lately. Crypto, along with some of the major tech names, has been sort of the big story on the down side. downside as we've been selling off lately.

So Bitcoin's down today, gold's up a little bit, oil's down a little bit. So honestly, that's just sort of on brand for how the market has been lately. Crypto, along with some of the major tech names, has been sort of the big story on the down side. downside as we've been selling off lately.

As you and I talked about last week, the Bitcoin situation is kind of interesting in the sense that longer term, if there's going to be a strategic Bitcoin reserve, if there's going to be larger sort of institutional buy-in for that, that provides a floor for Bitcoin and a long-term catalyst to push it forward. But in the near term, it moves like a high risk asset.

As you and I talked about last week, the Bitcoin situation is kind of interesting in the sense that longer term, if there's going to be a strategic Bitcoin reserve, if there's going to be larger sort of institutional buy-in for that, that provides a floor for Bitcoin and a long-term catalyst to push it forward. But in the near term, it moves like a high risk asset.

As you and I talked about last week, the Bitcoin situation is kind of interesting in the sense that longer term, if there's going to be a strategic Bitcoin reserve, if there's going to be larger sort of institutional buy-in for that, that provides a floor for Bitcoin and a long-term catalyst to push it forward. But in the near term, it moves like a high risk asset.

So you're seeing it being treated like that in the market lately. So it was a big decliner when stocks were down earlier this week and it's continuing, it's moved down. So I think that if you're looking at Bitcoin, you should probably look at it in that light for the near term, just sort of seeing it as a proxy for overall kind of risk sentiment within the market.

So you're seeing it being treated like that in the market lately. So it was a big decliner when stocks were down earlier this week and it's continuing, it's moved down. So I think that if you're looking at Bitcoin, you should probably look at it in that light for the near term, just sort of seeing it as a proxy for overall kind of risk sentiment within the market.

So you're seeing it being treated like that in the market lately. So it was a big decliner when stocks were down earlier this week and it's continuing, it's moved down. So I think that if you're looking at Bitcoin, you should probably look at it in that light for the near term, just sort of seeing it as a proxy for overall kind of risk sentiment within the market.

And so if you see that turnaround, that might be a good sign that buyers are starting to step into the higher risk assets.

And so if you see that turnaround, that might be a good sign that buyers are starting to step into the higher risk assets.