Good morning.  Welcome to October and the fourth quarter of 2023.

There is plenty of news today as the government avoids a shutdown, Ackman talks about Twitter/X, and many focus on late-year seasonality.

It's also a busy week with economic data highlighted by non-farm payrolls Friday.  This is key data for the Fed and the resulting interest rate decisions.

Bitcoin seems happy about the new month as it breaks out and moves higher by 5%.

This is also igniting the proxy trades like $COIN, $MARA, and $RIOT.

We'll keep a close eye there for opportunities.

$RIOT is probably the favorite.  $10.00-$10.25 is a big level as there is pivot support/resistance
with the 21-day and 200-day MAs. We'll see what happens.

Rates and oil will continue to drive the market.

Keep an eye on 10-year yields with Powell speaking at 10:00 a.m. this morning.

More to come,

-DP