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This week we discuss the January 2023 PCE print, persistence in services inflation, crypto decorrelation from stocks, and Coinbase's new blockchain Base.
The February 2023 market action focuses on the decorrelation of stocks and bonds, the renewed embrace of crypto in Hong Kong, and how to position against a changing long term inflation outlook.
This week we talk about the CPI inflation index, long term bond dynamics, Japan's battle with deflation, and the sustainability of crypto yields.
This Weeks Market commentary digs into the Feb 1st FOMC meeting, February Non-Farm Payrolls and Crypto price action including BTC and ETH.
Meme stocks are making a comeback in 2023. Why? The de-leveraging of the financial system has stopped, and interest rates have been coming down. Is this the beginning of a new boom?
Markets and crypto have bounced back, what drove the performance? In this article we talk about factors including Genesis, DCG, Central Bank policies, and war tactics.
Inflation pressures are easing, how do you invest in 2023? In this article: The Fed, war in Ukraine, Crypto and China's post-COVID policy.
What's in store in 2023? How will markets play out over the next year? Lean about the rise of nuclear power, food security, and zero trust cyber security!
The market blew up up after the announcement only to give back most of the gains throughout the rest of the trading day.
People shift their investments from stocks to bonds, causing bond prices to rise and yields to fall.
We are now seeing a slow decorrelation across assets. Stocks reacted strongly to the chairman's speech, while bonds were little changed on Wednesday because it was widely anticipated.
In terms of related economic indicators, crude oil prices have continued to fall at a rate of about $5 per week in recent weeks, implying lower inflation numbers in the future.