Cryptocurrencies rise after equities
The cryptocurrency market is looking more and more like the stock and oil markets. Bitcoin is up around 1% in 24 hours. Ethereum added 3.2%, while other top 10 altcoins…
Biden fails economics 101 as stagflation takes hold
As Joe Biden’s presidency descends into free-fall with voters, the economy may be on the verge of collapsing in similar fashion. All presidents make mistakes, whether it’s failing to limit…
Bitcoin tightened to $20,000 for the time being
Bitcoin rose 3.5% on Tuesday, ending the day around $20,400, but continued pressure on risky assets in Asia brought the price of the first cryptocurrency back below $20,000 on Wednesday…
Round up of today’s market news
North American News Stock market close: Fourth day of gains Closing changes for the main North American markets S&P 500 up 58 points, or 1.5%, to 3903 (high of 3914)…
Now we wait for central banks to blink
Market pricing for rate hikes continues to moderate The market is doubting the Federal Reserve once again. The median dot for 2023 rose to 4% in the latest edition in…
Round up of today’s market news
North American News The close: Some buying after the FOMC minutes Closing changes for the main equity markets S&P 500 up 14 points, or 0.5%, to 3845 Nasdaq up 0.4%…
FOMC minutes: Participants ‘concurred’ that inflation outlook had deteriorated
The minutes of the June 14-15 FOMC meeting High inflation warranted restrictive interest rates Most participants saw downside risks to growth, including the possibility that Fed hikes have a larger-than-anticipated…
Fear in the crypto market recedes
The crypto market growth looks like the intention of retail to “buy when there is blood on the streets”. Bitcoin rose on Monday, ending the day at around $19,800. The…
July is generally a good time for equities, particularly after a rough stretch
What are the stock market seasonals for July? US equity markets are closed for Independence Day holiday but futures are narrowly lower. On Friday, the S&P 500 gained 1.05% after…
Round up of today’s market news
North American News Impressive comeback: US stocks shake off huge declines to finish solidly higher Closing changes as the US returns from holiday It’s a holiday-shortened US trading week but…
Bitcoin: too early to buy
The end of the second quarter of 2022 was the worst for bitcoin in 11 years Bitcoin is down 9.2% over the past week, finishing around $19,400 and trading near…
You have two options
Or why a recession isn’t such a bad outcome The market is navigating different outcomes and in the simplest terms, here’s how it shapes up. 1) High inflation with ongoing…
Round up of today’s market news
North American News Emini S&P futures finish down 13.75 points I wouldn’t read too much into that The US is closed for holiday today but futures markets were — at…
Unsuccessful Bitcoin Pump
Last month was one of the worst for bitcoin, with BTC losing 41% of its value, falling short of historical trends. Bitcoin was down 7.2% on Thursday, ending it at…
Round up of today’s market news
North American News Dollar and bonds go for a wild ride Markets: Gold flat at $1806 US 10-year yields down 8.5 bps to 2.89% WTI crude oil up $2.51 to…
4 Lessons to Learn from the UST/Luna Crash
Now may be an excellent time to re-examine any expectations you have about stable coins. TerraUSD’s (UST) and Luna’s crash is perhaps one of the most unexpected events in the…
Crypto lener Voyager suspends withdrawals
The company ‘temporarily’ suspends withdrawals The crypto lender was caught up in the 3AC collapse. 3AC had a loan of 15,250 BTC and $350 million USDC. Voyager says it’s ‘pursuing…
The bond market is no longer freaking out about inflation
5-year breakeven inflation rate down to 2.64% This chart isn’t getting enough attention at the moment. The bond market is no longer seeing a big inflation problem. Five year break…