As July approaches, let’s read the market tea leaves for 2H2022 and beyond. Over the past few weeks, markets have priced a broader growth scare as commodity equities sold off sharply and Treasuries priced a lower and earlier peak in Fed Funds rate. However, bonds markets were blind to the inflation surge, so why should […]
3AC
Crypto Breaks Cyclical Patterns
The current price action makes it increasingly clear that crypto breaks cyclical patterns of the past. In bitcoin’s short three-cycle history, each cycle saw the token price drop to the 200-week moving average (wma) at the depth of the bear market. However, the price did not fall below the prior cycle high. The current price […]