A quick market update (1-2min read). Every week day, morning in Asia, I go over major moves in macro and crypto markets, linking fundamentals to price action.
18 Jun 2021 1 minute read 0 comments Justin d'Anethan
Investors seem to be finding ground after the previous session’s sell-off, the latter was triggered by the more hawkish stance from the Fed, announcing raising rates sooner than investors broadly expected. While the S&P stayed put and the Dow actuall...
17 Jun 2021 1 minute read 1 comment Justin d'Anethan
The Fed meeting that kept investors uncertain brought a bit more clarity, yesterday. Unfortunately for holders of risk, the message is hawkish, signalling interest rates might be raised at a faster pace than expected. The 10-year yield jumped from...
16 Jun 2021 1 minute read 0 comments Justin d'Anethan
If you’re looking at traditional markets and wondering what’s driving them, it seems that the Fed meeting is driving things. Ahead of the event investors were buying risk but now, with rumours easing bond-buying policy, investors are selling it. Equi...
15 Jun 2021 1 minute read 1 comment Justin d'Anethan
With investors looking at the next Fed monetary policy meeting, equity indexes rose yesterday. The S&P actually reached fresh records while the Nasdaq closed within 20bps of the all-time high. After dropping for several sessions, yields rose with the...
10 Jun 2021 1 minute read 0 comments Justin d'Anethan
Yesterday, the US reported CPI data, basically an index calculating the price increase or decrease of a basket of goods. The number is higher than expected but one could argue this is simply due to the lower prices during the weakened economy during...
9 Jun 2021 1 minute read 1 comment Justin d'Anethan
While global investors seem to believe in a recovering economy, inflation data coming through later today, in the US, has left most of them selling risk assets for now. Stocks retreated and bonds were bought, pushing the 10-year yield down below 1.5%...
8 Jun 2021 1 minute read 0 comments Justin d'Anethan
Investors across markets will notice a similar price action, yesterday, starting with a sell-off and then a pick-up. This creates a candlestick with a small body and a large lower wick, which is typically a bullish signal. Ultimately, prices didn’...
8 Jun 2021 1 minute read 0 comments Justin d'Anethan
Many investors in macro markets are facing the conundrum of a better/recovering economy (good for valuations) and potentially higher interest rates (weighing down on valuations). Yesterday, both expectations fought as the S&P stagnated close to recor...
7 Jun 2021 1 minute read 1 comment Justin d'Anethan
With optimism about economic recovery -or reopening- most equity markets finished last week up. The VIX dropped sharply while the S&P and the DOW gained, and the 10-year yield dropped. Gold gained as well but not enough to erase the massive loss endu...
3 Jun 2021 1 minute read 1 comment Justin d'Anethan
It’s a very clear market dynamic to watch: Yesterday, the dollar rose and, conversely, people sold equities. The S&P, the Nasdaq and the Dow are down. Gold and silver are definitely down, losing around 2% on the session. In the crypto space, ignori...
