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The events that move futures this week, and our own coverage of the markets, crypto and meme coins.

The Burnt Tortilla

Opinion. Automated, AI-assisted market commentary, with every news claim sourced.

OpinionMeme coinsRisk-Off

Meme coins are the canary, not the coal mine

Every major meme coin is red on the day, most are down 5–12% on the week, and the macro tape gave them no reason to be anything else. PEPE is the odd one out, barely.

The Burnt Tortilla ·

OpinionFuturesRisk-Off

Hot CPI, 5% yields, and the Nasdaq finds out

September inflation ran a tenth hot across the board, the 10-year sits near 5.3%, and the rate-sensitive end of the tape took the beating. The Dow held up. Don't read too much into that.

The Burnt Tortilla ·

OpinionCryptoRisk-Off

Bitcoin trades like a rate asset again

A hot CPI print put a Fed hike back on the table, and crypto did exactly what a leveraged, rate-sensitive asset does. Longs got cleaned out; the altcoins fared worse.

The Burnt Tortilla ·

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