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Equity indices are stalling today, with the $SPX and $NDQ both falling around 0.30%. The $DXY (+0.38%) has continued its strong streak along with U.S. Treasury yields, with the US10Y holding above 4%. Crypto markets are struggling due to concerns about Curve founder Michael Egorov’s huge debt positions and speculation that SBF or Sam Trabucco could be responsible for the $BALD rug. $BTC (-1.43%) has fallen below $29k and $ETH...

Equity indices are slumping following a negative reaction to technology earnings and lower than expected jobless claims. The technology-oriented $QQQ is leading the decline, having fallen 1.52% at the time of writing, while the $SPY has fallen 0.36%. The $DXY (+0.65%) and U.S. Treasury yields are rising today as the market is repricing the odds of an additional rate hike as the labor market continues to show its resilience. Crypto...

Despite underwhelming retail sales data, positive earnings reports are driving equity markets upward. The increase in advance retail sales for June was a mere 0.2% month-over-month, falling below economists' predicted 0.5% increase. Nevertheless, the QQQ index has seen a 60 bps rise, and the SPX index a 52 bps increase. Cryptoassets are diverging from equities, not mirroring the rally spurred by solid earnings. At present, most cryptoassets are on a...

Crypto markets are sharply rising after a judge has ruled that Ripple’s sales of $XRP do not constitute an offer of investment contracts. $XRP is up 35% following the announcement, and $BTC (+2.41%) has surpassed $31k and $ETH (+3.46%) is nearing $1,950. $MATIC (+9.80%) is outperforming today after a proposal was submitted to make MATIC a multipurpose token used to validate multiple blockchains. The proposal would have the token rebranded...

$BTC is once again testing the $31k mark, while $ETH inches towards $1.9k, reflecting a general rise in most large cap assets today. $SOL continues to show relative strength, moving above $22 on the day, a rise potentially attributable to improving DeFi user data. DeFi 1.0 coins, such as $COMP and $AAVE, are outperforming the majors, suggesting continued momentum within the DeFi sector. Today's standout performer in the broader crypto...

Equity markets slid lower today as investors await CPI data tomorrow and discussion over the debt ceiling later today. $SPX and $QQQ are trading at -0.4% and -0.6% relative to yesterday's close after opening lower, whilst $DXY and $US10Y are up by 0.3% and 0.4% on the day. Digital asset markets are also following suit, with $BTC and $ETH sliding by 1.5% and 1.0% over the past day. Many have pointed...

Traditional equity indices are under pressure today following yesterday’s 25bps interest rate hike and additional regional bank weakness. The $SPY (-0.72%) and $QQQ (-0.31%) are approaching last week’s lows, while the $DXY (+0.33%) is rising after Fed Chair Powell reiterated his stance that the inflation fight is far from over. $BTC and $ETH are in line with equities today, falling 0.66% and 0.87%, respectively. Meme coin $PEPE has skeptics shaking...

The $NDQ has slid 0.3% on Monday as investors anticipate corporate earnings reports from major tech companies, while the $SPX is effectively flat. Investors are closely watching for earnings results from mega-cap tech firms, including Alphabet, Microsoft, Amazon, and Meta, marking the halfway point of the earnings season. Both $BTC and $ETH are moving lower in concert with major equity indices, and most altcoins, including $MATIC and $SOL, are following...

March's Producer Price Index (PPI) data showed a downside surprise this morning, coming in at -0.5% MoM versus 0.0% expected and Core PPI at -0.1% MoM versus +0.2% expected. Traditional markets are rallying as the combination of CPI and PPI data has helped ease fears of inflation reaccelerating. The $SPY and $QQQ have risen 0.83% and 1.49%, respectively, while the $DXY (-0.61%) is approaching its 2023 lows. Crypto markets are...

Investors are bracing for a week of critical economic data, including CPI and PPI data for March, which will be released on Wednesday and Thursday, respectively. Investor concerns about the possibility of another rate hike rose following Friday's robust employment data. Nonfarm payrolls saw an increase of 236,000, close to the Dow Jones estimate of 238,000, while the unemployment rate dropped to 3.5%. In addition to economic data, major banks,...

Cryptoassets are surging this Monday afternoon due to continued turmoil in the banking industry and a violent repricing of rates. Despite the government guaranteeing customer deposits of the fallen SVB and Signature Bank, investors are keyed in on the unrealized losses remaining on the balance sheets of regional banks. As we discussed on Friday, we anticipated an orderly wind-down of SVB and that rates rolling over would benefit cryptoassets. $BTC...