Category: EN
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250112 – Doldrums
What interesting times we live in. With the markets closing near all time highs (again) just as the US administration is busy enacting operation regime change 2.0 around the world, we woke up to news of the Federal Reserve getting slapped with a DoJ subpoena as Fed independence continues to be challenged: “The threat of…
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251201 – Where’s Santa?
Well… The Last Week was fun While it Lasted… Source: Bloomberg, Messari Well that was fast. After a strong risk-on rally to close the week, crypto prices cratered hard to start December, with BTC sliding below $87k on yet another stop-loss run being driven during the thin Asia morning session. Crypto Saw ~$200M in Longs…
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251125 – Thanksgiving
Not a lot for Crypto to be Thankful For This Year… Crypto showed tentative signs of stabilization following past week’s dramatic sell off. Prices have bounced off the low 80k to trade close to 88k in early Monday, as the market heads into the Thanksgiving holiday week with some cautious optimism as Fed President Williams…
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251104 – Faithless
With the US govt still under lockdown, last week’s main event was with the FOMC, where they disappointed market doves as Powell pushed back against the fully priced December cut as being “far from” a “foregone conclusion”. Despite the 25bp rate cut, Powell indicated that there are “strongly differing views” amongst the committee, with roughly…
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251028 – ‘Stonks Only Go Up’
All Three Major US Indexes Are at Record Highs US equities blew out to another record high on Monday, led by the Nasdaq with a +1.6% gain and SPX rallying by 1%. Optimism over another supposedly China-US trade deal, bullish positioning into Mag-7 earnings, and expectations of another dovish Fed meeting propelled risk sentiment higher.…
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251020 – What Uptober?
Macro ended a tumultuous week on a strong note, with yet another ‘TACO’ from President as he publicly admitted that high tariffs on China are not “sustainable” and that he will indeed meet President Xi in two weeks as telegraphed by Treasury Bessent and his team. Furthermore, yet another quarter of stronger than expected results…
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251013 – Rekt
A Picture Speaks a Million Words… or a Million Screams Source: Coinglass Worst liquidation day since FTX.. $19bln (or much more) in PNL wiped out from ADL (auto-deleveraging) algorithms across CEXs… altcoins touching zero as market-maker support evaporated… There’s probably no need for us to regurgitate on what was a brutal Friday close for crypto…
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251007 – Uptober
True to years past, markets enjoyed an explosive start to Uptober with BTC and equities rallying to new ATHs, with US stocks powered by yet another multi-billion OpenAI/AMD deal, while Japanese stocks surged 5% (JPY FX -2%) on Takaichi-san’s surprised leadership win as fiscal dove. Global Risk Assets Surged to Another Record, With Japan Joining…
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250929 – Quarter-End
Will there be a shutdown? Yes, Trump says, “because the Democrats are crazed.” Why is the White House pursuing mass firings, not just furloughs, of federal workers? Trump responds, “Well, this is all caused by the Democrats.” “If it has to shut down, it’ll have to shut down,” Trump said Friday. “But they’re the ones…
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250922 – Froth
According to Bloomberg, for just the 26th time over the past 100 years, the S&P 500, Nasdaq, the Dow Jones Average, and the Russell 2000 all set new record highs over the same week as the melt-up sentiment continued unabated. At the same time, investment-grade credit spreads hit record tights since 1998, with the index…