ANDIKA BULLETin 2 OCT 2024

Strikes (Missiles & Dockworkers) Spark Surge In Oil, Gold, & Bonds; Big-Tech & Bitcoin Battered

ANDIKA BULLETin 2 OCT 2024

Overwhelmed by Strikes from Iranian missiles and American Wharfies US stocks finished in the red.

USD, Gold and Oil went up, while Bitcoin went down.

Bitcoin continued to serve its role as an anti-geopolitical risk asset - dumping every time a MidEast headline hits the Bloomberg terminal (which makes little to no sense to me... but hey I don't have a PhD)...

Buy hey, for now liquidity is all that matters...

Source: Bloomberg

...until it doesn't!

Meanwhile USA Sovereign risk is also spiking...

Probably nothing..

Happy Wednesday!

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