another down-day in US equities as the market works off its overbought state. Volume and selling was modest, however, with c.60% of stocks declining.
Further short-term downside is expected. Another strong day of outperformance for the blufolio sustainable ETF portfolios, due to our highly defensive positioning. ETH and BTC were again unaffected by the equity market weakness.
We will continue to track the equity / crypto correlation very closely, there is a suggestion currently that crypto may be establishing a sideways trend while equities decline.
This would be the first materially different performance since the start of the crypto bear market in Nov 21. Watch this space.
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