Good Morning Everyone!
Today Warren Buffett turns 92. He’s lived through world wars, depressions and crashes and is still investing in the stock market while eating Dairy Queen.
Prices as of 4 pm EST, 8/29/22; % YTD
Heavy vacation schedules this week
Markets are bouncing off the 100-day moving average
Crude 94.5 -2%
Natural Gas in Europe is lower for a second day
The EU is preparing to intervene to bring prices lower
European Commission President is expected to speak today about emergency steps
Digital asset flows
Open interest leverage ratio for Bitcoin and Ethereum at all-time highs
Degree of leverage relative to market size
Higher price sensitivity
Higher risk of market squeeze
These are the tickers dominating the news headlines:
data from Swaggy Stocks