From the Desk of Kimmy Sokoloff

This market can't get its act together.

It started off strong, then it faltered.

If you would've told me a few months ago that we'd see a large crypto exchange (FTX) go bust and later a number of big banks become insolvent and collapse to zero, I would've laughed you out of the room if you followed up with: "...and bitcoin will...

The largest insider buy on today’s list comes in a Form 4 filing by Bihua Chen, the CEO of Cormorant Asset Management.

Chen revealed a purchase of $16.7 million in MoonLake Immunotherapeutics $MLTX.

From the Desk of Kimmy Sokoloff

We saw a swift reversal down in the indices yesterday after the Fed's rate-hike announcement.

Now we need to see if we stabilize in here to trend back up or break down.

We don't have bull markets without Financials.

Go back and check for yourself.

So this one, by definition, has to be the chart...

From the Desk of Kimmy Sokoloff

It was a sleepy morning for the market...

And, of course, that changed as the day went on.

The largest insider buy on today’s list comes in a Form 4 filing by Steven Klinsky, a director of New Mountain Finance Corporation $NMFC.

Klinsky reported a purchase of roughly $1.1 million.

From the Desk of Kimmy Sokoloff

It's a big day today.

Will the Fed raise by 50 basis points or 25 basis points? Or will it do nothing? I'm thinking 25 basis points.

However it turns out, expect volatility.

The shorter my timeframe, the shittier the market. ~ Brian Lund...

From the Desk of Kimmy Sokoloff

It was a nice day in the market overall.

We gapped up but didn't pull back into yesterday's high on the indices.