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.
2 Aug 2021 1 minute read 0 comments Justin d'Anethan
The U.S. is averaging more than 63,000 new Covid cases a day the last 7 days, according to the latest CDC data, near its highest level since April this year. The news and concerns about this delta variant naturally weighed on investors’ minds. The...
1 Aug 2021 1 minute read 0 comments Justin d'Anethan
Last night, during Sunday trading, most equity indexes rose including the Dow, the Nasdaq and the S&P. While Friday traded mixed, with somewhat disappointing earnings, investors seem less concerned about the delta variant and more focused on positive...
29 Jul 2021 1 minute read 0 comments Justin d'Anethan
Yesterday traded mixed. Early in the session, even with reports of economic slowdown in the US, traders were still buying -maybe thinking this solidifies accommodating Fed policies. Later in the session, the S&P which had reached record highs walked...
29 Jul 2021 1 minute read 0 comments Justin d'Anethan
Yesterday’s narrative was somewhat bittersweet: on one hand, Fed policies remain hyper accommodating which is positive but, on the other hand, the accommodating stance is based in lingering concerns about the economic recovery in the US -but also glo...
28 Jul 2021 1 minute read 0 comments Justin d'Anethan
Even with positive earnings -earnings that were pretty much priced in- equity indexes edged down, yesterday. Prices were already at record highs and in a five-day winning streak that ended, at least for now, with concerns about the Chinese government...
27 Jul 2021 1 minute read 2 comments Justin d'Anethan
Yesterday, all US equity indexes reached record highs; not that the push was particularly dramatic (they were already at all-time highs) but positive earnings expectations bolstered investors’ sentiment. Tesla reported about $1 Bn in net income. Othe...
26 Jul 2021 1 minute read 0 comments Justin d'Anethan
Last week started painfully with most indexes falling on covid variant spreads and fears. Fortunately, better-than-expected results by tech companies changed the narrative and pushed the S&P, the Nasdaq and the Dow to record highs. This week, with mo...
22 Jul 2021 1 minute read 1 comment Justin d'Anethan
With better-than-expected earnings results, tech shares rose yesterday on the session, bolstering investors’ sentiment and helping most equity indexes edge higher. Gold rose as well. Simultaneously, bonds were bought and yields fell. Crypto has be...
22 Jul 2021 1 minute read 1 comment Justin d'Anethan
On Monday, equities fell sharply, spooking investors globally. Virus fears dictated the narrative. The environment that’s taken us up, though, composed of an economic recovery and a very accommodating Fed stance in the US endures. Yesterday, stocks r...
21 Jul 2021 1 minute read 0 comments Justin d'Anethan
Yesterday, BTC fell below $30,000 but, unlike the previous times, it didn’t immediately bounce back up. This definitely doesn’t feel great, especially for any investor that would’ve gotten in after January of this year and is now -undoubtedly- not ju...
