Evening Thoughts

1/20/2026

While the hedged equity book held up quite well, the crypto book has taken quite a beating in the last 36 hours. We are still up 1.47% on the year vs the S&P at .92% on the year and we still think this is likely the last buying opportunity for the next month or so. We are looking for the models opinion on long ideas here going into tomorrow and we wil…