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.
3 Jun 2021 1 minute read 0 comments Justin d'Anethan
I look at traditional markets because I think the moves and risk appetite can have an impact on crypto markets. For now, equity indexes look steady and at elevated levels, but the inability to break higher worries me somewhat. In the current envir...
2 Jun 2021 1 minute read 1 comment Justin d'Anethan
With the US coming back from a long weekend, one might have expected some strong moves in equity markets. That didn’t happen. Most indexes traded barely half a percent down. The 10-year yield rose back above 1.6%. Gold is teasing investors, currently...
1 Jun 2021 1 minute read 0 comments Justin d'Anethan
With the US on holiday, global markets saw quiet moves across assets. European and Asian equities retraced while gold held steady above $1,900. Crypto markets (trading 24/7) didn’t rest and, unlike equities, rose. BTC gained almost 5%, rising from...
31 May 2021 1 minute read 0 comments Justin d'Anethan
Last Friday finished on a risk-on tilt, with most equity indexes retreating at the end of the session but still closing higher. Bonds were bought, pushing the 10-year yield, while gold rose above $1,900. The dollar moves slightly up slightly down, bu...
28 May 2021 1 minute read 0 comments Justin d'Anethan
I was looking at the dollar index on a short-term and a long-term basis. The short-term moves up and down and seems to affect markets; the bigger picture, though, is that it’s inexorably going down. That’s positive for real assets, if only from a pri...
26 May 2021 1 minute read 0 comments Justin d'Anethan
It’s a somewhat tepid session all around. Investors are looking for the next move from the Fed and also for the jobless claims data, due later today. Equities closed in the green but almost flat, bonds in the red but almost flat. The dollar seems to...
25 May 2021 1 minute read 2 comments Justin d'Anethan
Interesting dynamic to observe in macro markets. While Fed comments remain accommodating, disappointing economic data pushed investors to sell stocks and buy bonds. The 10-year yield fell to 1.55%, which ultimately is a positive for equities. It’ll b...
24 May 2021 1 minute read 0 comments Justin d'Anethan
It’s been a long-time coming but Ray Dalio, the manager of the biggest hedge fund, finally said (admitted?) that he owns “some bitcoin”. The revelation came during a conference where he added “The incentive right now to hold dollars is low. No intere...
24 May 2021 1 minute read 0 comments Justin d'Anethan
In traditional markets, both the S&P and the Dow closed last week in the red (as they did the week before). The Nasdaq closed just barely higher. The coming days will be interesting to watch as more economic data should be coming out of the US, on in...
21 May 2021 1 minute read 2 comments Justin d'Anethan
Traditional markets are up, crypto markets are up as well. Yet, there’s a different ambience in the crypto sphere. For all the people who held on amidst the crash, congrats, you’re at least higher now than when things dropped to 30,000. But we’re n...
