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.
4 Mar 2021 1 minute read 2 comments Justin d'Anethan
It’s been a while since we’ve seen interesting moves in traditional assets -relative to crypto. Yesterday, while the 10-year yield marches on to above 1.55%, equities retraced on pretty much all the gains since the beginning of this year. The S&P h...
4 Mar 2021 1 minute read 0 comments Justin d'Anethan
If you’ve been reading this briefing for a while, you’re aware of the link between bonds and equities. Yesterday, again, bonds were sold en-masse, pushing the 10-year yield close to 1.5%. Investors feel like they are due for a reopening of the econom...
3 Mar 2021 1 minute read 0 comments Justin d'Anethan
On Monday, following the large stimulus package passed in the US, equities enjoyed a bullish tilt. Yesterday, investors clearly took some profit off the table; it’s worth noting that there’s a Fed meeting and the release of jobs numbers coming up. Mo...
2 Mar 2021 1 minute read 0 comments Justin d'Anethan
With the almost 2 trillion stimulus package passed over the weekend, yesterday’s session in the US saw risk assets perform beautifully. The S&P rose more than 1.5%, to 3,900, and the Nasdaq jumped over 3%. Interestingly, commodities like oil, lumb...
1 Mar 2021 1 minute read 0 comments Justin d'Anethan
On Friday, at the close of the session, markets were in a pitiful state. Equities dropped, bonds were sold further, gold continued its descent to $1,730. This morning in Asia, though, Australian yields seem to be retracing (meaning bonds are being bo...
26 Feb 2021 1 minute read 2 comments Justin d'Anethan
We’ve talked about bond yields quite often in this update. While not the most exciting topic, it is a fundamental part of the US and the world economy. Yesterday, following the previous rise to 1.4%, the 10-year yield rose even higher, to 1.55%. Hist...
25 Feb 2021 1 minute read 0 comments Justin d'Anethan
Continuing on the previous session’s enthusiasm around accommodating Fed policies, equities rose yesterday, with the Dow even reaching new highs. Yields continue to rise as well, with the 10-year up above 1.4%. That being said, some analysts expect t...
24 Feb 2021 1 minute read 0 comments Justin d'Anethan
We observed some volatility yesterday, with only limited effects. Equities initially dropped significantly but, with Powell’s speech on the rate outlook sounding accommodating, risk assets erased losses. The S&P and Nasdaq ended up closing flat. The...
23 Feb 2021 1 minute read 2 comments Justin d'Anethan
It’s not just crypto that went down yesterday. With rising concerns over inflation and climbing treasury yields, equities gapped at the open and closed the session 1-2% down. The 10-year yield is now up, at 1.36%. The dollar dropped further. Gold, on...
22 Feb 2021 1 minute read 1 comment Justin d'Anethan
While, last week, US markets ended with equities mostly down, this morning in Asia, futures look to trade up. It’s worth noting that yields rose further, at 1.35%, with many investors expecting inflation to pick up. Gold seems to regain somewhat, cur...
