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.
7 Apr 2021 1 minute read 0 comments Justin d'Anethan
While I’ve been off on a long weekend, crypto markets didn’t take a break. A lot has happened and plenty of interesting data came through. I’ll try to run through it quickly. BTC is currently at $58,000 (surprisingly close to where we were before t...
1 Apr 2021 1 minute read 0 comments Justin d'Anethan
The headline today is, of course, President Biden’s infrastructure plan (over $2 trillion worth of spending). Investors regained some optimism and favored tech-heavy indexes such as the Nasdaq and the S&P. It’s worth noting that bonds continue to be...
30 Mar 2021 1 minute read 0 comments Justin d'Anethan
The US session was marked by rising interest rates with the 10-year yield notching a 14-month high, at 1.77%. Equities across the board were flat or slightly down, notably the Dow which fell off from the all-time highs, reached on Monday. Gold fell...
30 Mar 2021 1 minute read 2 comments Justin d'Anethan
The S&P is closing the session flat or slightly in the red, this comes as a result of some large funds forced liquidation on some media stock holdings. We also saw bank stocks like Nomura and Credit Suisse suffering. The Dow, on the other hand, close...
29 Mar 2021 1 minute read 0 comments Justin d'Anethan
In case you missed it, Friday’s session closed on a very bullish note. Equities rose across the board while bonds were almost ignored. The S&P index gained 1.6% while the Dow had its highest close ever. It is worth noting that a large amount of block...
25 Mar 2021 1 minute read 0 comments Justin d'Anethan
It’s an interesting -albeit maybe confusing- time to look at global markets. With positive expectations but also negative factors investors are all over the place. The dollar is rising, stocks are rising as well (typically you’d expect the opposite),...
24 Mar 2021 1 minute read 0 comments Justin d'Anethan
Following on yesterday’s concerns about the economic recovery, employment data and infections rates ticking higher, investors sold risk en masse. Bonds didn’t gain much and the 10-year yield just barely inched lower. The dollar mostly and also gold b...
23 Mar 2021 1 minute read 0 comments Justin d'Anethan
With concerns about the global recovery and high infection rates in the US, investors sold risk-assets, yesterday, and cycled into bonds and cash. The 10-year yield retraced to 1.60% (still high, though, in the current environment) and the dollar gai...
23 Mar 2021 1 minute read 0 comments Justin d'Anethan
Investors are looking at the same things as previously: yields, inflation, recovery optimism/pessimism, and then decide what kind of risk they want. Yesterday, with the 10-year yield retreating from a 14-month high, equities broke a losing streak and...
22 Mar 2021 1 minute read 0 comments Justin d'Anethan
With last week ending on a cautious note, it’s likely that this week will also be determined by investors' view on yields. Although they are elevated, this is balanced by the Fed’s accommodating stance on rates. It was also interesting to see the...
