When you want to know what the weather's like, you sort of, you look out the window and you see our people carrying umbrellas or sunglasses.

I think the meme coin index is a great way to figure out what you should wear that day, what your outfit should be as you head out into the marketplace.

Hey, everyone, you're watching Markets Outlook. I'm Jen Sanassi, here with my co-host, Andy Bear. And today, it's just the two of us. Andy, happy new year.

Happy New Year. Wow, we've got such a big year ahead of us, Jen. What are you looking forward to the most in the next couple of weeks?

Well, you know, I focus a lot on regulation and policy on some of our other shows. So I'm looking forward to the most in the next couple of weeks? Well, you know, I focus a lot on Regulation and Policy on some of our other shows.

So I'm looking forward to the market structure markup, see what's going to happen next week. And then, of course, looking at how that may or may not impact the markets and some of the ecosystems that we like to talk about often on these shows. But, Andy, before I ask you what you're looking forward to, I want to ask you, you know, I was really looking forward to a Santa Rally at the end of last year. And we didn't get that. Of course, we had the events of October 10th, which were unprecedented for this industry. What does that tell you? No Santa Raleigh. Santa didn't show up for that nice little year-end bump.

What does that tell you about what's going to happen at the top of this year?

I think there was just an exhaustion of demand.

You kept having these little mini rallies that try like you're starting to try to start an outboard boat engine and it just wouldn't fire up.

I think that the options market was positioned in such a way that was kind of pinning the price of Bitcoin around 87,000. And people thought like, well, I'm not going to fight against that so much.

So I'm just going to let prices go out. So it was a heartbreaking quarter. And I think we have to wait

to see if there's more skeletons to come out of the closet after the 10-10 event. But as there

wasn't a Santa Claus rally, but new year, new quarter, things came out of the gate kind of strong.

Our meme coin index was up 25% in the first five days of the year.

So certainly people were willing to crack open their wallets when 2026 arrived.

Okay. The meme coin index was up. Talk to us a little bit about some other trends you're seeing.

Do you expect meme coins to have the same momentum they had at the

beginning of 2025 or like, just talk to me a little bit about how you're interpreting that

information? I mean, when you want to know what the weather's like, you sort of, you look out the

window and you see our people carrying umbrellas or sunglasses, I think the meme coin index is a great

way to figure out what you should wear that day,

what your outfit should be as you head out into the marketplace. If it's up 10%, yeah, you're going to

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