📈Ithaca Protocol Market Update

► Risk assets continue their healing; treasuries stronger across the curve

► Trump’s 100 days approaching, a publicity and self promotion generational CS talent should have something in store (‘substantial deals coming soon’)

► Mag7 valuations have substantially reset; buyback window opening, systematic investors have done their selling (but hedge levels slowly getting less expensive), this was Mag7’s best week in 3 years

► US Month end pension fund and allocators equity buying estimated 93rd percentile since 2005

► Inflation expectations at multi decade highs, consumer sentiment under pressure

► Sen Lummis throwing cold water (and calling for justified more action and accountability) on Fed’s renewed crypto guidance