Daily Crypto Analysis

Morning‌‌ ‌‌Update—Macro and Crypto Markets—March 19th

March 19, 2021

Justin d'Anethan

Apparently, yields are not done rising. Yesterday, amid concerns that the Fed would let inflation accelerate, the 10-year treasury yield reached 1.75%. Historically, this is nothing, but in the current climate, it feels like a punch to the gut.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—March 18th

March 18, 2021

I was tempted to copy-paste yesterday’s briefing for today. The 10-year yield hasn’t budged. The S&P and the Nasdaq inched up. The Dow continued to rise. Not much as changed. With very reassuring communication from the Fed, people’s expectations are that rates will remain low.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—March 17th

March 17, 2021

Many countries are aggressively rolling-out vaccines to bolster economic recovery and it seems to be working. At least investors are optimistic and most risk assets are doing well. Yesterday, though, after several winning sessions, the buying paused.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—March 16th

March 16, 2021

We’re not done going up. Typically, you’d expect some pause or even a quick pullback, but risk assets haven’t stopped going up since the relief package advance and the last Fed’s speech. The S&P is at an all-time high, at 3,970. The Dow is at an all-time high as well, at 32,950. The Nasdaq walked back on half of its losses from the past few weeks.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—March 15th

March 15, 2021

In the past few weeks, while traditional markets suffered some downside volatility, BTC fell, but managed to maintain a certain strength.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—March 12th

March 12, 2021

With yields retreating slightly, the dollar retracing down, and decreasing concerns over inflation, equities rose across the board yesterday. The S&P jumped more than 1%, the Nasdaq more than 2.5%, and the Dow continued its price exploration above 32,000.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—March 11th

March 11, 2021

The 10-year yield paused for a bit, following a large 10-year note auction and the mixed outlook of economic recovery balanced by still accommodating Fed policies and the 1.9 trillion relief package. The cycling of money from tech/growth stocks to value stocks endures. The Dow rose to record highs during the last session, above 32,000 for the first time ever. In comparison, the S&P rose just half a percent and the Nasdaq closed flat.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—March 10th

March 10, 2021

Buyers and holders of risk assets will be happy today. With a Fed meeting coming next week and investors expecting accommodating policies, the 10-year yield retraced slightly, now back at 1.53%. Equities had a field day with the S&P and the Nasdaq, up 1.35% and almost 4%, respectively. Gold also enjoyed a reversal, rising almost 2% on the session.

Morning‌‌ ‌‌Update—March 9th—Macro and Crypto Markets

March 9, 2021

It’s fascinating to see investors cycling from tech stocks to more traditional/real economy types of stocks. With the 10-year yield persistently around 1.6%, investors are now reviewing their portfolios and questioning valuations. The Dow index is rising, but the Nasdaq continues to fall, down 2% yesterday.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—March 8th

March 8, 2021

Justin d'Anethan, Sales Manager

The reason I start this morning briefing with a recap of traditional markets is because it typically sets the macro environment for investors globally.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—March 5th

March 5, 2021

It’s been a while since we’ve seen interesting moves in traditional assets—relative to crypto. Yesterday, while the 10-year yield marched on to above 1.55%, equities retraced on pretty much all of their gains since the beginning of this year.

Morning‌‌ ‌‌Update—Macro and Crypto Markets—March 4th

March 4, 2021

If you’ve been reading this briefing for a while, you’re aware of the link between bonds and equities. Yesterday, again, bonds were sold en-masse, pushing the 10-year yield close to 1.5%. Investors feel like they are due for a reopening of the economy and are cycling away from tech/growth stocks and onto more ‘real economy’ type of names.