Amid recent market turbulence, retail traders are “skipping the dips, selling into rallies, and positioning more defensively,” writes JPMorgan strategist Arun Jain.
 

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Hey Snackers,

While everyone was freaking out last week about how quantum computing could put literally trillions of dollars of cryptocurrency at risk of future attacks by 2030, hundreds of millions’ worth of crypto was hacked seemingly due to good old social engineering. The over $270 million exploit on solana-based trading platform Drift wasn’t because of a bug in the protocol’s smart contracts or supercomputers, but done by exploiting a human weak link.

The S&P 500 and Nasdaq 100 eked out gains in the final hour of the final trading session of last week, while the Russell 2000 outperformed. US oil spiked to over $111 per barrel on Thursday.