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Much Wow

Oct 28, 2022 • 7 Min Read
Author
Sean Farrell
Sean Farrell AC

Coins Do Not Care About EPS

As we have addressed over the past month, cryptoassets were nonreactive to the onslaught of gruesome tech earnings this week. At the time of writing, bitcoin, ether, and the rest of the crypto ecosystem have vastly outpaced the Nasdaq.

As we can see below, a major contributing factor to crypto doing so well is yields rolling over for the first time since early October.

Some questions that remain now are:

  1. How much relief will we see over the rest of this quarter?
  2. How much will crypto’s relative strength be able to avoid any periodic uplift in rates?
If we get a prolonged...

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