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.
6 Jul 2021 1 minute read 0 comments Justin d'Anethan
With independence day in the US, a lot of the trading activity paused. We’re seeing futures flatten after what has been a massive ramp up last week, thanks to an overall good economic recovery but also, more recently, great jobs data in the US. It’s...
5 Jul 2021 1 minute read 2 comments Justin d'Anethan
Last week, more enthusiasm about company earnings drove equity indexes higher. The S&P was already reaching new records almost daily and, on Friday, it rose another 0.75% in that price discovery zone, reaching 4,350. The Nasdaq also marched on to new...
30 Jun 2021 1 minute read 0 comments Justin d'Anethan
If prices are any indication, people are feeling good about the first half of 2021. While markets were plagued by inflation fears, those seem to have mostly been brushed off, as investors focus on the economic recovery. Yesterday on the session, most...
29 Jun 2021 1 minute read 0 comments Justin d'Anethan
With the dismissal of an antitrust lawsuit against Facebook, a lot of the tech sector rose. The S&P reached new records -again- and the Nasdaq also breached new all-time highs -again. Bonds were bought, pushing the 10-year yield lower, probably suppo...
28 Jun 2021 2 minute read 1 comment Justin d'Anethan
Last week finished on a strong risk-on tilt note. With fears about inflation tamed somewhat, investors continued to buy equities at the expense of other assets. The S&P probably had its best week of the year, reaching new records on Friday. While not...
24 Jun 2021 1 minute read 0 comments Justin d'Anethan
Yesterday’s session was dominated by optimism regarding a bipartisan bill in the US, aimed at massive infrastructure spending. The S&P broke all-time high, the Nasdaq also jumped to new record highs, the Dow… well no new record highs there but strong...
24 Jun 2021 1 minute read 0 comments Justin d'Anethan
Yesterday, a continuation of the previous session’s narrative took place. Many investors were soothed by comments from the Fed on inflation risks being tamer or more temporary than expected. The S&P stayed in place, inches away from the all-time high...
23 Jun 2021 1 minute read 2 comments Justin d'Anethan
In the US, the Fed has changed their tune slightly, with regards to interest rates and inflation, appeasing many investors that were spooked by earlier comments. The S&P rose close to its all-time high while the Nasdaq reached new record highs. Conve...
22 Jun 2021 1 minute read 2 comments Justin d'Anethan
It’s a feel-good day in traditional markets but not so much in crypto markets. With the dollar retracing on the previous session’s gains, equities bounced back up strongly, along with gold and oil. Other commodities like copper or lumber are still ve...
21 Jun 2021 1 minute read 0 comments Justin d'Anethan
Last Friday, in traditional markets, we saw a pretty strong risk-off session. The dollar index rose, as it had in the previous sessions already, and, with a stronger dollar, equities looked more expensive and were sold further. We also can see gold f...
