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.
21 Apr 2021 1 minute read 0 comments Justin d'Anethan
It’s yet another down day in the stock market. We’re still at elevated levels, mind you, but since the record highs of last week, equity indexes have retraced. Yesterday, it was Netflix and a cooling down in subscribers growth that pulled the company...
20 Apr 2021 1 minute read 0 comments Justin d'Anethan
After it appears that a Tesla car on autopilot crashed and killed two passengers, the company stock dropped. It seemed to have dragged most of the tech sector with it as the futures traded lower this morning in Asia. Non-tech equities are down as wel...
19 Apr 2021 1 minute read 1 comment Justin d'Anethan
With strong earning and positive economic data, traditional markets finished last week on a strong risk-on tilt, with many indexes reaching or maintaining new highs. Overnight trading had futures declining, though, hinting at a potential drawdown. Go...
15 Apr 2021 1 minute read 0 comments Justin d'Anethan
Wow, new records. Not for BTC by the way, but in traditional markets. The S&P rose almost 1%, reaching new records. The Dow did the same, now above $34,000. While that was happening, bonds were also bought ‘en masse’, pushing the 10-year yield just b...
15 Apr 2021 1 minute read 0 comments Justin d'Anethan
Markets remain strong and banks are reporting positive earnings, yet, equities across the board retreated somewhat from their recent record highs. Mainly tech stocks, including Coinbase which just IPO-ed, fell. Gold is holding strong while the dollar...
13 Apr 2021 1 minute read 0 comments Justin d'Anethan
Up. This is how markets felt late yesterday and early this morning. Any buyer of risk is a tad richer today than they were the day before. In traditional markets, with optimism on economic recovery and positive earnings, equities rose with the S&P...
13 Apr 2021 1 minute read 0 comments Justin d'Anethan
A relatively tame US session is ending at the moment. The S&P maintained its gains, the Nasdaq retraced but only barely, the Dow is holding on. Yields are where they should be and the dollar just inched down. The only mover is gold, falling about hal...
12 Apr 2021 1 minute read 0 comments Justin d'Anethan
With rapid progress made on the coronavirus front, at least in terms of vaccinations, and central banks around the world maintaining an accommodating stance, markets closed last week on a risk-on note. The S&P and the Dow reached new highs, the Nasda...
9 Apr 2021 1 minute read 1 comment Justin d'Anethan
With some more reassuring communication from the Fed, volatility in traditional markets remains and continues to go to very low levels. Equities continue to rise. The S&P, now decidedly above $4,000, rose another 0.5% yesterday. The Nasdaq and Dow co...
8 Apr 2021 1 minute read 0 comments Justin d'Anethan
It’s an interesting day to look at market dynamics. With the Fed’s relaxed stance on inflation risks, investors felt confident buying equities and selling bonds. The S&P and the Nasdaq edged higher (currently at record levels), yields remained around...
