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.
20 Jul 2021 1 minute read 0 comments Justin d'Anethan
Yesterday was a fascinating and eventful day. With concerns about the covid delta variant and a seemingly increasing number of cases (in the US but also globally), fear that restrictions would come back around reared its ugly head. Investors sold equ...
19 Jul 2021 1 minute read 0 comments Justin d'Anethan
Last week marked a strong negative week and the first one for this second half of the year. Inflation seems to rise. That being said, it seems to rise for specific products or industries; most analysts feel that fears might be overblown for now. On F...
15 Jul 2021 1 minute read 0 comments Justin d'Anethan
Traditional markets feel… toppy? From many angles or data points, a lot of assets are just overextended or at high valuations. That doesn’t mean they can’t go up further and for a long-time, just that the impetus to go higher might be weaker and the...
15 Jul 2021 1 minute read 2 comments Justin d'Anethan
Yesterday, most risk assets traded mixed -again. With earnings coming out regularly, investors can both be reactive on the news and/or in wait-and-see mode for upcoming news. It doesn’t help that labour data is also coming through. The Fed also comme...
13 Jul 2021 1 minute read 0 comments Justin d'Anethan
Yesterday, traditional market traded mixed, in Europe and in the US, with conflicting news of covid variants but also soon-to-come lifting of restrictions in the UK, then an inflation spike but in very specific products/industry and then also a posit...
13 Jul 2021 1 minute read 0 comments Justin d'Anethan
Yesterday, so Monday US time, equity indexes rose. The S&P reached new records while the Dow and the Nasdaq came inches away from beating their all-time highs. Conversely, bonds were sold pushing the 10-year yield higher. The risk-on tilt came as exp...
12 Jul 2021 1 minute read 0 comments Justin d'Anethan
As a quick recap, last Thursday, while most equity indexes were around record highs, prices fell sharply as investors feared for the economic recovery. On Friday, though, they erased those losses and, for US indexes, marched on to new record highs. T...
9 Jul 2021 1 minute read 0 comments Justin d'Anethan
Tokyo will probably ban fans from attending the Olympics, due to fears of the covid delta variant and growth in cases. It seems that it’s not just Japan that’s feeling bad, equity markets all retraced yesterday, in the US and in Europe and we’re seei...
8 Jul 2021 1 minute read 0 comments Justin d'Anethan
Bonds were bought yesterday, pushing the 10-year yield briefly below 1.3%. Relative to previous levels, this is deemed lower and the trend is bolstering a risk-on sentiment across markets. The S&P and Nasdaq both rose to new records while the Dow rem...
7 Jul 2021 1 minute read 0 comments Justin d'Anethan
Yesterday, as markets in the US reopened after independence day, we saw some pretty sharp moves take place. The S&P, Nasdaq and Dow, that were all on an incessant ramp up, snapped their winning streak and fell. The 10-year yield surprisingly was also...
