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.
18 Aug 2021 2 minute read 2 comments Justin d'Anethan
In my last briefing, I mentioned things felt supported across traditional markets. As a sober reminder that things can change quickly, investors actually turned risk-off yesterday. Retail data came out, showing sales dropped more than expected, inclu...
17 Aug 2021 2 minute read 0 comments Justin d'Anethan
The reason I always look at macro markets, besides the fact that they’re fascinating, is because they do have an impact on crypto and investors’ moral. Right now, things feel very supported. Even with the delta variant or a decreased retail footfall...
16 Aug 2021 1 minute read 0 comments Justin d'Anethan
Traditional markets finished last week on a risk-on note, investors were bolstered by reassuring inflation data and ignored the jobs data which showed a decline but was broadly in line with expectations. One could also observe the dollar falling, sup...
11 Aug 2021 2 minute read 3 comments Justin d'Anethan
Traditional markets were mostly moved, yesterday, by inflation data coming out. Numbers are better than expected and hint at a pause in the incessant ramp up we’ve observed recently. Bonds were bought, pushing yields lower, and investors also bought...
11 Aug 2021 2 minute read 0 comments Justin d'Anethan
I love watching markets and the economy because it essentially showcases global activity and investors' perception of it. Yesterday, the focus was on the almost $1 trillion infrastructure bill that was voted forward by the Senate and onto the House o...
10 Aug 2021 1 minute read 0 comments Justin d'Anethan
Most equity indexes pulled back from record highs, yesterday. It sounds more dramatic than it is. After positive jobs data, the Dow and S&P had gained on Friday but now, with stronger fears on the covid variant, investors turned risk-off again. Anoth...
9 Aug 2021 1 minute read 2 comments Justin d'Anethan
Narratives can change pretty quickly. Earlier last week, concerns about the economy or the delta variant pushed equity indexes down. On Friday, though, those same indexes reached record highs on better-than-expected jobs data. During the risk-on sess...
6 Aug 2021 1 minute read 1 comment Justin d'Anethan
Green day, then red day, now green day. Investors are oscillating between optimism and pessimism, with regards to earnings, the economy, the virus and, in the near term, jobs data due today in the US. The S&P, the Nasdaq and Dow all rose slightly, ye...
5 Aug 2021 1 minute read 0 comments Justin d'Anethan
Until the US releases jobs data, due to come on Thursday their time, most investors stayed in wait-and-see mode. Most indexes traded flat or slightly down; I’m talking about equities but bonds, gold or the dollar also traded muted. The only dark clou...
4 Aug 2021 1 minute read 0 comments Justin d'Anethan
The pendulum that is investors’ minds swung back yesterday. After a bearish session on Monday, Tuesday, investors bought equities supported by positive earnings and the idea that some of the business activity resembled or approached pre-pandemic leve...
