Well, post Thanksgiving, markets are back in riskoff mode this morning. Equities seemingly stuck between possible Federal Reserve doubbishness and the risk aversion signals being sent by the crypto markets. Joining me now, Steve Sausnik, Interactive Brokers chief strategist.Steve, it's great to see you. Thanks for being with us. Hope you had a great holiday.Um, let's talk about the sort of push and pull in the markets here because, you know, we're getting these signals that maybe Kevin Hasset's going to be ...

Group 1 - Retirement investors shifted their savings from equities to fixed-income options, indicating a cautious investment mood in August [1][2] - Trading activity in retirement accounts was notably low, with no above-normal trading days, and investors moved from US equity funds to conservative bonds and money market funds [2][3] - There is a growing demand for private equity and private debt investments among retirement savers, with nearly half expressing interest if available in their plans [4][5] Group 2 - Recent executive orders aim to facilitate the inclusion of private assets in workplace retirement plans, aligning with fiduciary requirements [6] - A significant number of plan sponsors are considering adding alternative assets to their offerings, reflecting a potential shift in investment strategies [8] - Goldman Sachs is investing up to $1 billion in T. Rowe Price to enable access to private assets for US retirees by mid-2026 [8]

Market Sentiment & Risk Aversion - The market exhibits risk aversion, prioritizing loss prevention over potential gains [1] - The market avoids chasing "fish tail" opportunities (late-stage rallies) due to the high risk of subsequent significant declines [1] Altcoin Season Analysis - "Fish tail" rallies often indicate potential altcoin season or late-stage rallies [1] - Altcoin rallies are followed by substantial corrections, with some experiencing near 50% declines [1] Historical Performance - A previous altcoin rally around December 9th experienced a downturn, leading to near 50% losses by December 20th [1] - The cycle concluded with a "Trump coin" event approximately one month later [1]

Another asset that we're keeping an eye on is bit Bitcoin that was briefly falling below $100,000 for the first time since May. Mackenzie Sagallos is here. She's got more on the move.Hi Mac. Hey Morgan. So that's right.Bitcoin was trading below that key $99,000 threshold today. Its lowest level in over a month after President Trump confirmed that US bombers struck three of Iran's nuclear sites over the weekend. Now those strikes sparked a wave of risk aversion across crypto.At its worst point today, Ether w ...