Crypto Research
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Crypto and traditional markets consolidated ahead of today's FOMC meeting at 2 pm EST. The market is currently pricing in a 98.7% chance of a 25 bps rate hike according to CME Group's Fed Watch tool. BTC and ETH are down 0.57% and 0.70%, respectively, and SPX and NDQ are down 0.57% and 0.32%. Despite the broader market consolidating, certain altcoins have continued to rally. ATOM -4.78% is up 6.55% and...
The SPY 0.87% (+0.70%) and QQQ 0.98% (+0.82%) are rallying today following the latest Employment Cost Index (ECI) release, which showed continuing deceleration of wage growth, reducing the risk of a wage-price spiral that could keep inflation persistently higher. Crypto markets are following suit, with BTC rising 1.30% and ETH rising 1.65%, recouping some of yesterdayâs losses. Yesterday, the Financial Times reported that Twitter has begun applying for various regulatory licenses across...
The ^SPX 1.01% (-0.8%) and NDQ (-1.3%) slid on Monday morning as investors prepare for a stacked week of earnings and critical events on the economic calendar. Over 20% of the S&P 500 companies will report their earnings this week, including General Motors and McDonald's on Tuesday, followed by tech companies like Amazon, Apple, Alphabet, and Meta Platforms later in the week. Meanwhile, the FOMC will hold its meeting on Tuesday...
BACK TO LIFE If you were 100% deployed on January 1st and decided to lock in your returns for the year, frankly, we wouldn’t blame you, especially not after the carnage witnessed last year. However, as we discussed last week, we view this current rally as a sign of more opportunities to come and are excited to help our clients navigate the crypto market in 2023. The choppy, directionless crypto...
Markets are reacting favorably to signs of cooling inflation. This morning, the Commerce Department announced spending by US households decreased by 0.2% MoM, with PCE (Fed's current preferred gauge of inflation) rising 5% in December (vs. 5.5% in November). December Core PCE rose 4.4% (vs. 4.7% in November), growing at its slowest pace since October '21. ^SPX 1.01% and NDAQ 0.95% are trading 0.3% and 0.7% higher, while QQQ 0.98% is 0.8% higher...
After a bit of a correction last night, crypto markets remain largely flat on the day. BTC is down 0.29% and ETH is down 0.72%. Traditional markets have pulled back a bit as well, with SPX down 1.34% and NDQ down 1.88%. An interesting development we've seen over the past couple of weeks is a 12.4% pullback in the ETH/BTC ratio. This could potentially be due to investors positioning into...
Traditional indices are declining today, with the ^SPX 1.01% and QQQ 0.98% both down 0.34% at the time of writing. All eyes will be on Microsoft after-hours, which will be one of the first large tech companies to report earnings this year. Crypto markets are following suit, with BTC down 0.35% and ETH down 0.73%. ETH/BTC continues its recent decline, falling to .07 (-0.58%) as Bitcoin seems to be reclaiming its crown...
On Monday, US equities rose as investors considered the potential for a slowdown in interest rate hikes from the Federal Reserve and prepared for a busy week of earnings reports. The ^SPX 1.01% (+1.2%) and NDQ (+2.0%) saw gains, with semiconductor stocks and shares of companies like Tesla and Apple seeing increases due to hopes that a reopening in China would boost their performance. Despite equities enjoying another day in the...