📈Ithaca Protocol Market Update 

► FOMC this week and no extra volatility priced; wrong

► TWD 15 sigma rally, a canary of Mar-a-Lago accord or not moves to watch out for

► Oil forecasts continue to ease

► Funding spreads in Europe and Japan haven’t picked up

► Call / put skew ( which we highlighted as a bottom signal ) is now mostly neutral; seasonality overall skewing negative
 
► Retail investors continue to buy tech stocks, hasn’t really spilled over to crypto at all

► Token2049 excitement and price impact should have been stronger; sunshine, last year comparison; disappointing