your friendly neighborhood IC

Things I'm watching very closely for implications on liquidity & outlook for risk assets including crypto:
- strength of USD (which has been rising -> bearish for liquidity)
- rate cuts into 2025 (move from ~4 -> ~2 after Fed decision teh other day -> bearish for liquidity)
- weakness in employment (tick up in unemployment & jobless claims -> bullish for liquidity)
- weakness in business cycle (weakness, especially in services -> bullish for liquidity)

All in, I think this correction is an over-reaction and still generally bullish for 2025

building a crypto hedge fund | /comma, comma.org/, & /ic | in pursuit of more aliveness | prev: founding team @ Tally Health, investor @ L Catterton

Yen carry trade still not unraveled though & BOJ meeting 23-24 will likely raise rates to kick this off again