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.
3 Feb 2021 1 minute read 0 comments Justin d'Anethan
With Google seeing record growth, Amazon’s performance rising, and then, on a broader level, Democrats in the US pushing ahead with an aggressive stimulus plan, one can’t help but buy into risk. The S&P 500 rose 1.3%, with financial and industrials...
2 Feb 2021 1 minute read 0 comments Justin d'Anethan
As retail investors’ focus cycles from GME stocks to silver, global equities seem to have recovered from last week’s sharp descent. The S&P closed the session up 1.8% and the Nasdaq gained almost 2.5%. Gold continued to perform positively as silver...
1 Feb 2021 1 minute read 1 comment Justin d'Anethan
Last week was important on many levels, we passed 100 million virus cases, President Biden pushed plans to attack fossil fuel harder than oil producers probably anticipated, the GameStop battle between retail investors and hedge funds took place with...
29 Jan 2021 1 minute read 0 comments Justin d'Anethan
Think of yesterday and reverse it: GameStop shares fell, equities rose, the dollar retraced previous gains, treasuries retreated, pushing the 10-year yield up to 1.05%, and oil dropped further. Only gold remained flat amidst all the movement. The r...
28 Jan 2021 1 minute read 1 comment Justin d'Anethan
With disappointed earnings from major tech companies and obvious concerns about valuations, investors, it seems, are starting to doubt the incessant bull run we experienced across assets —and the advertised economic recovery. Yesterday, the S&P and...
27 Jan 2021 1 minute read 0 comments Justin d'Anethan
It might be because we’ve just passed 100 million coronavirus cases globally, or maybe because of the hurdles the current US administration is facing in regards to a stimulus plan, but markets felt slightly bearish across the board. Equities in Asi...
26 Jan 2021 1 minute read 0 comments Justin d'Anethan
US-China relations seem to be hitting a low point as President Biden confirms his administration will hold a tough line on Beijing. On another negative note, we are approaching 100 million Coronavirus cases globally and many countries are still in fu...
25 Jan 2021 1 minute read 0 comments Justin d'Anethan
Last Friday, traditional markets ended the week on a mixed note, with the S&P down, the Nasdaq up, Treasuries and yield more or less flat, the dollar timidly moving up, and gold retracing sharply.In the crypto space, while BTC’s moves were more prono...
21 Jan 2021 1 minute read 0 comments Justin d'Anethan
We’re the 21st in Asia but, in the US, they’re just finishing an important day where President Biden is sworn in and officially replaces Trump in the White House. Markets felt undeniably risk-on. The S&P rose 1.4% and the Nasdaq jumped 2%. Treasuri...
20 Jan 2021 1 minute read 0 comments Justin d'Anethan
Markets reopened in the US and now feel somewhat risk-on. Yesterday the S&P jumped almost 1% while treasuries and gold remained muted. The dollar index fell sharply. Early in Asia, futures are edging higher in Japan and Australia, but seem to be lean...
