Dispatch #7 – 5 March, 20201 I was hoping to write about something other than yields this week, but the issue isn’t going away quietly! If yields rise, it is likely to dominate all asset markets, with the US$ rising along with higher US yields and risks markets selling off. Equity markets did rally on […]
Dispatch #6 – Bond yields rise, bitcoin decouples, Tether settles….
The rising bond yield-led selloff in many assets was the dominant theme this week (ended Feb 26th). Investors don’t like when both safe treasuries and stocks sell off together, which is what we had experienced for much of the week. It was equally interesting that bitcoin was quite stable on Thursday when stocks markets had […]
Dispatch #5 – Bitcoin at $1 trillion, BlackRock “dabbles”, JPM’s 86pg report…
This week (Feb 15th) bitcoin’s market value rose above $1 trillion, but short-term indicators are flashing red. This issue digs into the following additional events that point to continued institutional and individual adoption. Microstrategy (NASDAQ – MSTR) issues ~ $1bn bond to buy bitcoin – bond excess! BlackRock’s Chief Investment Officer (CIO) said they are […]
Blogs, Pods & Videos that I follow
View blogs, podcasts and recommended videos I follow.
BLOGS
http://blog.yardeni.com/ – Mostly stocks markets and stocks
https://www.calculatedriskblog.com/ – US economic data analysis
http://gorozen.com/ – Commodities
Dispatch #4: Tesla, BNY Mellon & Mastercard adopt bitcoin/crypto
A slew of high-profile institutional adoption news this week moved the bitcoin price from the $38K area on early Monday (Feb 8th) morning to the ~ $48K range as I type on Friday morning. BNY Mellon’s announcement is most significant for continued institutional adoption, in my view, but it’s hard to argue that Tesla’s $1.5bn […]