🐺 Was the Government Reopen a Sell the News?

Hey everyone! Sam here (AKA @SamSolid57 on X)

I drop into your inbox a few times a week, breaking down the biggest stories in finance and the moves that matter most.

Let’s get into it

The federal government has officially reopened, but instead of a clean breakout, markets faded intraday as traders took profits into strength. Much of last week’s anticipation rally had already priced in a successful vote, turning the actual reopening into a classic sell-the-news moment rather than a catalyst for sustained upside.

Mega caps held steady near their highs while small caps and risk assets lagged, highlighting a market still selective with liquidity and cautious about the next macro catalysts. With the reopening now behind us, attention shifts back to earnings season, inflation data, and the Fed’s December path.

One emerging player, Jarsy, tokenizes private-company equity and opens pre-IPO access to retail investors… bridging traditional finance and blockchain rails. Download their app here.

Michael Burry officially shut down Scion Asset Management, returning outside capital and stepping away from managing a public fund. The headline surprised the market given his recent high-profile positioning against overstated AI-era earnings, where he argued depreciation cycles in hyperscaler hardware are masking the true cost of compute.

Some see his exit as a sign of unpredictable volatility ahead, while others believe it was simply a personal decision unrelated to market conditions. Either way, one of the most followed contrarian voices just left the arena, and traders are already speculating on what he’ll do next from the sidelines.

Bitcoin slipped back under the 100k level, breaking key psychological support as broader crypto weakness accelerated. Ethereum followed toward the mid-3k range, showing traders are tightening stops and reducing risk until volatility settles.

For long-term investors, this is the kind of pullback that reinforces DCA discipline, but for short-term traders, the setup remains tricky as momentum cools and derivatives positioning unwinds. Macro hasn’t changed the long-run adoption curve… but the near-term chart definitely has.

Follow us on YouTube