Retail Sales Beat, Dollar Weakens, BNB to Benefit from Binance Halo Effect

Discussed in today’s video:

  • Retail sales beat expectations, reinforcing the setup of monetary policy easing into a solid economy.
  • Yield curve steepening points to growth optimism. Crypto rallied with BTC leading and ETH lagging, though mNAV expansion in ETH DATs suggests it could play catch-up in the days ahead.
  • Dollar weakness remains a key tailwind, DXY breaking a 15-year trendline would be significant.
  • BNB trade idea: Reports of easing DOJ oversight could pave the way for greater U.S. expansion by Binance, with BNB benefiting from the associated halo effect.
Retail Sales Beat, Dollar Weakens, BNB to Benefit from Binance Halo Effect

Tickers in this video: BTC -1.64% ETH -2.53% BNB

Disclosures (show)