Belated reaction to MSTR inclusion and Bitcoin reserve headlines? I am more inclined to just go with the FOMC drift explanation; as per GS ‘ S&P from 1997 +717%, if you would exclude from data day before and after FOMC, S&P would trade at 2600 (!) today. 6% of trading days making

Inclusion of MSTR into S&P500 80% believed informally from the below, which means as per risk neutral / empirical probability distinction probably 65/35 priced in. ~2bln of immediate tracking flows is a ‘ half weekend Saylor ‘, so not much immediately but hugely important long x.com/EricBalchunas/…

Dimitrios Kavvathas

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