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 Feb 2021 1 minute read 0 comments Justin d'Anethan
We had a somewhat unenthusiastic session in the US overnight. Yellen reassured markets that a large stimulus package is on its way, but equity indexes still managed to close flat or down. Treasuries, which had previously been sold, remained on the sp...
18 Feb 2021 1 minute read 0 comments Justin d'Anethan
With progress on the US fiscal stimulus front and data showing a pick up in retail sales, equities rose. The Dow reached a fresh record high while the Nasdaq (read: tech stocks) underperformed. The 10-year yield retreated slightly but is still at a r...
17 Feb 2021 1 minute read 0 comments Justin d'Anethan
Equities reached new highs yesterday and then retracted to close slightly in the red. While investors are feeling bolstered by hopes of an economic recovery, the session’s focus shifted from risk assets to bonds. Treasuries were sold en masse, pushin...
16 Feb 2021 1 minute read 0 comments Justin d'Anethan
Yesterday, US markets were closed for ‘Presidents’ Day.’ Today, if futures are any indication, they will open up after finishing last week on a strong note. The S&P, the Nasdaq and the Dow all rose. Unsurprisingly, bonds continue to be sold, pushing...
11 Feb 2021 1 minute read 0 comments Justin d'Anethan
Yesterday, investors digested positive corporate earning results and considered policymakers’ next moves to support the still virus-stricken economy. The Dow reached records while the S&P and Nasdaq closed flat. The dollar is still losing value again...
10 Feb 2021 1 minute read 0 comments Justin d'Anethan
While the earnings coming out are positive, the Nasdaq closed just 0.15% higher, while both the S&P and the Dow closed down 0.10%. Moving a bit more drastically, the dollar keeps losing against its peers, helping gold and crypto markets rise. The c...
9 Feb 2021 1 minute read 0 comments Justin d'Anethan
Let’s not talk about traditional markets today. It’s not that there isn’t anything to say—sure, equities are up (at new record highs, actually)—but for anybody looking at the crypto markets, there’s something bigger happening. In previous briefings...
8 Feb 2021 1 minute read 0 comments Justin d'Anethan
With progress on the US stimulus front, hopes of a continuing recovery with vaccines coming out, and last week’s positive earnings from large companies, markets felt and continue to feel risk-on. This week, further earnings are due to come out, namel...
5 Feb 2021 1 minute read 0 comments Justin d'Anethan
Futures are flat this morning in Asia, as most investors wait for the US job report due later today. Yesterday’s session, though, was yet another great day for most indices; both the S&P and the Nasdaq reached new highs. The dollar also rose, still a...
4 Feb 2021 1 minute read 0 comments Justin d'Anethan
In traditional markets, things are looking good, with more positive earnings and news coming from large companies in the US. The sharp moves up have calmed down, though, and after a move up, the S&P closed just 0.10% up, while the Nasdaq closed flat....
