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 ...