GM 🌤️ (3-minute read)

It’s Friday, it’s almost lunch time. We survived another week without societal collapse or global war… I call that a win for the good guys.

Markets and crypto perked up a bit. Whenever the big picture is relatively ugly and assets rally on a lack of problems rather than on positive catalysts, it’s called the least-dirty-shirt effect. 

The US is often a beneficiary of this effect (also, low-key, Switzerland and Japan but some will argue that’s more of a flight-to-safety).

We have a few questions for everyone today at the end if you don’t mind answer it will help make these daily notes more useful for the community.

But before we alligator wrestle our way in 🐊…

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here’s what’s on our radar to close out the week 📡
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Focus 👁️

Rent Inflation cools but peaks in NY

Syria returns to the Arab geopolitical fold
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JPM, the bank America loves to hate:

JP Morgan cut dozens of base metals clients after nickel crisis they also internally flagged Epstein’s withdrawals years before his 2008 conviction.

Earnings came in quite strong, however, with results exhibiting an enormous inflow of deposits in the wake of the small-and-medium banking crisis.

Technology | Money 🤖 💵

Amazon is facing a record 18 shareholder proposals this year

Tech exec Nima Momeni was arrested for the murder of Cash App founder Bob Lee

Twitter partnered with eToro to let users trade crypto in-app. Elon is working towards his X app which sounds a lot like China’s WeChat.

London Stock Exchange Group will begin to offer clearing services for crypto derivatives as the new wave of institutional crypto-finance takes hold

Chart(s) Du Jour 👨🏻‍🍳

Meme Digestif ☕️

Have a great day + weekend everyone 👋