Category: insight
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On the Precipice?
US equities suffered their worst weekly close since March 2023, while yields closed at around their lowest levels this year following a disappointing NFP that revived concerns over an incoming recession with a Fed that’s increasingly seen as being behind the curve. NFP came in at +142k in new jobs created (vs 160k consensus), along…
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September 6 Market Commentary
Thoughts on the data released by TMR and what is the good/bad scenario for BTC price? Markets are currently in the middle of an important regime change which is historically the most volatile juncture for macro assets. A suddenly weakening US economy with slowing inflation shifted the macro narrative from “higher for longer” to “are…
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September 4 Market Commentary
What caused the slide of more than 2% of Nasdaq and others yesterday as well crypto now in 57k range again Crypto prices saw the risk-off move lower with BTC falling back to its recent range on the Nasdaq sell-off, though sentiment appears to be getting increasingly wary by the day without an obvious catalyst…
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Seasonally Worst
Spot the Outlier? Last week was a relatively quieter week, where global equities basically retraced to their interim highs and US treasuries ending the month at the lower end of August range. Data was supportive with Q2 GDP revised up to a 3.0% handle, initial claims coming steady on a week-on-week basis, and PCE confirming…
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September 2 Market Commentary
August’s monthly data shows that DeFi protocol fees and revenue dropped over 20% to their lows since February. What’s happned in August and will this likely persist in the future? DeFi activity is generally tied to the overall sentiment and market cap of crypto tokens, in the same way that a higher stock market creates…
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August 30 Market Commentary
Weekly Analysis An expectedly uneventful week came and went, with global equities basically having retraced to their interim highs, and the highly anticipated (and over scrutinized) Nvidia results saw some wild intraday noise, but ultimately passed as a non-event as the tech giant mostly met its lofty expectations. Data was supportive with Q2 GDP revised…
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August 28 Market Commentary
what’s behind the broad crypto market downturn today？ Crypto prices had a poor session, despite major macro assets remaining flat in a holding pattern. BTC ETFs saw a very large $127 million in outflows as traders appeared to take profit after the Jackson Hole rally, while ETH continued its poor momentum with the 9th consecutive…
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August 26 Market Commentary
thoughts on the Jackson hole meeting over the weekend and what can we expect crypto market for this week Macro markets went into this weekend with strong expectations on a dovish Powell, and the chairman surprisingly managed to ‘out-dove’ expectations where he basically committed the Fed to the easing path and doing ‘what is needed’…