Category: insight
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FAFOnomics
‘FAFO’: Trump takes on the world Source: Sky News, X FAFO — Geopolitics For those of you not familiar with the lexicon, ‘FAFO’ is an endearing acronym for ‘F— around and find out,’ and is probably the most apt description we have of the current global landscape. With President Trump off to a volatile start…
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Will the Real ‘Trump-Put’ Please Stand Up?
Oh boy where do we start. This week’s commentary is going to be tricky to write given all the noises going on. Starting with crypto, after breaking through the post-election gap at around ~$92k on BTC, Bitcoin prices collapsed in a straight line down $78k last week with over 3 billion of long futures liquidation…
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Heist
The Largest Crypto Thefts of All Time Source: Tom Robinson Just as the FTX-saga was finally winding-up with deposits being returned to victims, crypto was jolted by another shocker as Bybit disclosed that it was hacked with a ~$1.5bln theft of one of their Ethereum cold-wallets, with Lazarus group (North Korea) being named as the…
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Slow Grind
Macro markets have settled down into a sleepy range market, with sentiment trending back into the familiar ‘goldilocks’ mode with both equity and bond prices grinding higher on lukewarm economic data and falling volatility. The Trump administration has continued with their latest tariff ruminations, though the impact on markets appear to be fading as the…
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Return-Free Risk
The start of 2025 has been marred by a series of false starts and unresolved price action, with risk assets struggling for direction after the game-changing Deepseek narrative and the on-and-off tariff threats from President Trump. Economic data currently taking somewhat of a backseat with the latest NFP headline coming in slightly lower than expected…
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Automator: Revolutionizing Passive Income in Decentralized Options Trading
Introduction In our mission to democratise option trading for the masses, the SOFA team has created Automator as an intuitive way for users to earn strategy yields passively. By leveraging a community of strategy managers, collectively known as Optivisors, users are able to participate in their favourite managed strategies in return for sharing a small…
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Gradually, Then Suddenly
After years of trepredation and anticipation, a milestone moment in crypto finally passed as markets were treated to a non-stop flow of positive political headlines from the incoming Trump administration, with the President wasting no time in leaving his mark to start his 2nd term. Initially, the community might have come away disappointed with the…
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He’s Back.
Source: Time, X The highly anticipated return of Trump 2.0 did not disappoint, as the President-elect highlighted a ‘very good’ call with China’s President Xi, a ‘revival’ of TikTok within hours after it’s ban, and an incredulous launch of an ‘official’ $TRUMP token on Solana as a possible preview of the ‘investment’ climate over the…
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Happy New Year
A quick look-back at 2024 showed another “buy everything” rally where nearly all major macro asset classes showed positive returns across the board. Equities outperformed everything on both an absolute and risk-adjusted basis, though Gold was a surprisingly strong performer on the latter given its steady rise on minimal volatility all year. JPY and JGBs…
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The Xmas Grinch
Source: Chip Bok, Reuters As we turn the page on 2024, the last few sessions of the trading year turned out to be more consequential than expected. While the BoE and BoJ gave delivered ‘dovish holds’ as market expected, the Fed surprised markets with its own ‘hawkish hike’ along with a technical adjustment to the…