It feels like a bit of déjà vu as we also had to deal with a similar setting last Friday. And here we are a week later talking about the same thing again, that being equities being pressured while Bitcoin is threatening a firm break under six figures. On the latter, the technical conditions are looking rather dicey for the cryptocurrency with price now running down to $97,593 - its lowest since May. The $100,000 mark has been a key level for quite some time now, so a break of that will also surely have reverberations to the broader risk mood in markets.
After the heavy selling yesterday, we are seeing US futures keep somewhat calmer for now. S&P 500 futures are flat but there's no doubt that there's a sense of danger and caution up in the air. The sense of relief on the end of the US government shutdown was short-lived and investors now have to figure out what other dynamics they have to factor in going into year-end.
But among other things, there are perhaps some subtle things that are shifting the market landscape. From earlier this month:
