Day 9 — Mixed Tape Monday-to-Wednesday: Confirmation Into Fed Day

What financial markets are doing today

Equities: mixed but resilient, led by tech.

SPY (S&P 500 ETF): 695.29, basically flat (-0.03%)

QQQ (Nasdaq 100 ETF): 633.01, up (+0.30%)

This lines up with today’s narrative: stocks are holding up into major event risk (Fed decision + big tech earnings). Reuters notes the S&P 500 crossing 7,000 and describes AI/tech strength into the Fed.

Rates/bonds: slight risk-off undercurrent (long bonds down, vol up).

TLT: 87.52 (-0.32%)

IEF: 95.855 (-0.13%)

VIX proxies up: VIXY +1.19%, UVXY +1.60%

Translation: markets are calm enough to bid tech, but not calm enough to sell protection aggressively.

Dollar: bouncing today.

UUP: 26.68 (+0.79%)

Reuters also reported the dollar rebounding after comments emphasizing a “strong dollar” policy.

Bitcoin today (and how it fits the macro tape)

BTC: 89,511 (+0.97%) with an intraday range 87,271 → 90,276

ETH: 2,999 (+0.47%) with an intraday range 2,918 → 3,038

BTC is firm despite a stronger dollar today, which is a constructive sign short-term. But the market is still in “event week” mode. CoinDesk notes traders positioning into an upcoming large BTC options expiry (Friday), which can amplify volatility around key levels.

What I’m watching for direction:

Does BTC hold the upper half of today’s range after U.S. session flows settle?

Does ETH confirm BTC strength (or lag)? ETH lagging tends to show reduced risk appetite.

Gold & silver today (safe-haven bid still loud)

Gold is still surging.

GLD: 485.49 (+1.97%)

Reuters reported spot gold above $5,300/oz (record territory) amid dollar volatility and policy uncertainty into the Fed.

FT also framed the move as a powerful safe-haven rotation tied to geopolitical and policy concerns.

Silver remains extremely volatile (but still bid).

SLV: 103.09 (+1.48%) with a huge intraday range 100.79 → 104.80

Spot silver cited around $112/oz by FXStreet today.

FT highlighted how extreme the silver move has become and the knock-on effects across industrial demand.

metals strength + vol products up = the market is still paying for hedges, even while tech holds up. That’s a classic “optimism + protection” tape.

What this means for traders today;

Event-risk posture is real. With the Fed in focus today, expect “good news / bad reaction” whipsaws and reversals.

Crypto is tradeable, but only with confirmation. BTC is green, but options positioning into Friday can exaggerate moves, especially around obvious highs/lows.

Metals are confirming that hedging demand is still elevated. Don’t treat this as a clean risk-on environment.

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