TMTB Morning Wrap

Good morning. Futures off 40bps to start the day. BTC +2%. Yields ticking down slightly. U.S. gov’t partial shutdown began overnight — most services will continue, but millions of workers expected to be furloughed.

h/t JT in TMTB chat…

We enter October today, which his historically the most volatile month with standard deviation of monthly returns 5%+.

Lots to get to today, so let’s get to it…

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RDDT -8%: ChatGPT using Reddit much less in answers

Thanks to TMTB Reader K. for pointing out in TMTB Chat