What Happened
- Crypto prices drifted lower in thin weekend trade.
- Equity futures were little changed after Friday’s options-related volatility.
- Gold and oil were steady with limited participation.
What It Means
- Weekend drift reflects low liquidity rather than a shift in fundamentals.
- The macro picture stays balanced heading into the holiday.
- Risk appetite remains stable but cautious.
What I Think
- I am focused on earnings and the upcoming Fed meeting for direction.
- Weekend moves remain a sentiment check, not a signal.
- A calm Sunday open would keep conditions supportive.
Market Terms
- Weekend drift - Slow price changes in thin trading conditions.
- Sentiment check - Short-term price action used to gauge mood.
- Holiday week - Sessions with reduced participation and liquidity.