Good Morning all!

Remember, if you recently sold all of your stocks, this investment is not for you. You have to stay in the game!

Prices as of 4pm EST, %YTD

MARKET UPDATE

Quiet day ahead of Wednesday’s Federal Reserve meeting

June 2022 low 3666

Today 3873

CNBC this morning

• Thomas Petterfy, CIO Interactive Brokers

• “Cash balances are at an all-time high”

Central bank meetings this week:

• USA, Japan, Sweden, Switzerland, Norway, UK

• Jay Powell is very likely to rise 75 basis points

Fed rate ceiling

10 years 3.5%

$109

$75

IX 28

Raw 82 -3%

• OPEC heavyweight UAE (United Arab Emirates) is accelerating plans to increase oil production

• It aims to produce 5 million barrels per day by 2025, up from previous plans for 2030

• The UAE produced 3.4 million barrels per day in August

Chancellor Scholz

Income None

CRYPTO UPDATE

Digital Asset Flows (last week)

• Low activity, total inflows of $7 million

• ether ETH/USD: continue caution after merging

  
  

• Bitcoin BTC/USD: snaps 5 week vaginal discharge streak

  
  

• Inflows into multi-asset products have remained stable

  
  

Source: CoinShares

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