What Happened
- Weekend trade was quiet after Friday’s month-end moves.
- Crypto prices were steady with no major catalysts.
- Futures were little changed, signaling a calm open to February.
What It Means
- Month-end flows have largely cleared, reducing near-term distortion.
- The focus now shifts to February data and earnings guidance.
- Low weekend volatility suggests risk sentiment is stabilizing.
What I Think
- I am watching for confirmation that Friday’s rebound holds on Monday.
- If risk remains stable, the market can digest the Fed message.
- Otherwise, expect another leg of de-risking.
Market Terms
- Flow distortion - Price moves amplified by technical positioning.
- Stabilization - Markets settling after a volatile period.
- De-risking - Reducing exposure to risky assets.