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.
19 Mar 2021 1 minute read 0 comments Justin d'Anethan
Apparently, yields are not done rising. Yesterday, amid concerns that the Fed would let inflation accelerate, the 10-year treasury yield reached 1.75%. Historically, this is nothing, but in the current climate, it feels like a punch to the gut. Th...
17 Mar 2021 1 minute read 1 comment Justin d'Anethan
I was tempted to copy-paste yesterday’s briefing for today. The 10-year yield hasn’t budged. The S&P and the Nasdaq inched up. The Dow continued to rise. Not much as changed. With very reassuring communication from the Fed, people’s expectations are...
16 Mar 2021 1 minute read 0 comments Justin d'Anethan
Many countries are aggressively rolling-out vaccines to bolster economic recovery and it seems to be working. At least investors are optimistic and most risk assets are doing well. Yesterday, though, after several winning sessions, the buying paused...
16 Mar 2021 1 minute read 1 comment Justin d'Anethan
We’re not done going up. Typically, you’d expect some pause or even a quick pullback, but risk assets haven’t stopped going up since the relief package advance and the last Fed’s speech. The S&P is at an all-time high, at 3,970. The Dow is at an all-...
14 Mar 2021 1 minute read 1 comment Justin d'Anethan
In the past few weeks, while traditional markets suffered some downside volatility, BTC fell as well but, also, maintained a certain strength. Throughout the end of last week and until Friday session, risk assets were bolstered by a stimulus packa...
11 Mar 2021 1 minute read 1 comment Justin d'Anethan
With yields retreating slightly, the dollar retracing down, lower concerns over inflation, equities rose across the board yesterday. The S&P jumped more than 1%, the Nasdaq more than 2.5%, the Dow continued its price exploration above 32,000. It’s w...
11 Mar 2021 1 minute read 0 comments Justin d'Anethan
The 10-year yield paused for a bit, following a large 10-year note auction and the mixed outlook of economic recovery balanced by still accommodating Fed policies and the 1.9 trillion relief package. The cycling of money from tech/growth stocks to va...
10 Mar 2021 1 minute read 0 comments Justin d'Anethan
Buyers and holders of risk assets will be happy today. With a Fed meeting coming next week and investors expecting a very accommodating policy, the 10-year yield retraced slightly, now back at 1.53%. Equities had a field day with the S&P up 1.35% and...
9 Mar 2021 1 minute read 0 comments Justin d'Anethan
It’s really fascinating to see investors cycling from tech stocks to more traditional/real economy types of stocks. With the 10-year yield persistently around 1.6%, investors are now reviewing their portfolios and questioning valuations. The Dow inde...
7 Mar 2021 1 minute read 1 comment Justin d'Anethan
The reason I start this morning briefing with a recap of traditional markets is because it typically sets the macro environment for investors globally. On Friday, after what had been a painful week, equities and other risk assets jumped. While the 10...
