We're at a macroeconomic crossroad.
Stocks pumped while USDT is being victimised.
I will unmask the boom or bust Tradfi + Crypto dynamics. ๐งต๐
Stocks pumped while USDT is being victimised.
I will unmask the boom or bust Tradfi + Crypto dynamics. ๐งต๐
1/ Macro Pulse Update 18.06.2023
1๏ธโฃ Macro events for the week
2๏ธโฃ Fed Holds Rates, Eyes Inflation
3๏ธโฃ Crypto Prices Decouple from Stocks
4๏ธโฃ Tether De-peg
5๏ธโฃ Global Insights: Shattering Negativity, Embrace Optimism
6๏ธโฃ Banking Crisis and Looming Risks
1๏ธโฃ Macro events for the week
2๏ธโฃ Fed Holds Rates, Eyes Inflation
3๏ธโฃ Crypto Prices Decouple from Stocks
4๏ธโฃ Tether De-peg
5๏ธโฃ Global Insights: Shattering Negativity, Embrace Optimism
6๏ธโฃ Banking Crisis and Looming Risks
2/ From the Fed's cautious approach to rising inflation and its impact on interest rates, to the divergence between crypto and traditional stock markets, investors are navigating through a dynamic landscape.
3/ 1๏ธโฃ Macro events for the week
4/ 2๏ธโฃ Fed Holds Rates, Eyes Inflation ๐ก
In a widely anticipated move, the Fed decided to keep its interest rate, unchanged at 5-5.25%. This marks a significant shift from the 10 consecutive rate hikes we've seen in recent times.
In a widely anticipated move, the Fed decided to keep its interest rate, unchanged at 5-5.25%. This marks a significant shift from the 10 consecutive rate hikes we've seen in recent times.
5/ While the Fed's statement and press conference maintained a cautious stance, hinting at potential future rate hikes if inflation persists, the decision to hold rates steady comes as a relief.
6/ According to the Fed's projections, interest rates could still rise to around 5.6%, indicating the possibility of two more rate hikes before the year ends.
7/ However, historically, we have not seen any hikes after a pause.
The stock market reacted with an initial dip, concerned about the prospect of future rate increases.
However, it got back to pace, with a slight upward trajectory.
The stock market reacted with an initial dip, concerned about the prospect of future rate increases.
However, it got back to pace, with a slight upward trajectory.
8/ 3๏ธโฃ Crypto Prices Decouple from Stocks ๐ด
Crypto stumbled while traditional stock markets continued their upward momentum.
BTC, ETH recorded declines of approximately 8% and 10% respectively, as regulatory scrutiny in the U.S. weighed on crypto prices and investor sentiment.
Crypto stumbled while traditional stock markets continued their upward momentum.
BTC, ETH recorded declines of approximately 8% and 10% respectively, as regulatory scrutiny in the U.S. weighed on crypto prices and investor sentiment.
9/ Conversely, the S&P 500 and NASDAQ reached new 12-month highs.
This surge can be attributed to the robust performance of semiconductor and software industries, driven by the growing interest in artificial intelligence.
This surge can be attributed to the robust performance of semiconductor and software industries, driven by the growing interest in artificial intelligence.
10/ 4๏ธโฃ Tether De-peg ๐ด
USDT the world's largest stablecoin at $83b market cap depegged, causing a sudden drop in crypto prices.
While DAI overtakes BUSD as the top 3 stablecoin.
USDT the world's largest stablecoin at $83b market cap depegged, causing a sudden drop in crypto prices.
While DAI overtakes BUSD as the top 3 stablecoin.
11/ There was an imbalance in liquidity pools, particularly on Curve, resulting from a significant sell-off of USDT, pushing its price temporarily below the 1:1 USD peg.
12/ 4๏ธโฃ Global Insights: Shattering Negativity, Embrace Optimism ๐ข
โข Europe's Economy Thrived Despite the Ukraine War
โข Resilience of North American and European Economies
โข Business Adapted to Remote Work
โข Inflation Peaked and Declined
โข Job Markets Remained Strong
โข Europe's Economy Thrived Despite the Ukraine War
โข Resilience of North American and European Economies
โข Business Adapted to Remote Work
โข Inflation Peaked and Declined
โข Job Markets Remained Strong
13/
โข Borrowing Costs Remain Low
โข Supply Chain Disruption Reversed Quickly
โข Vaccines and Return to Normalcy
โข Borrowing Costs Remain Low
โข Supply Chain Disruption Reversed Quickly
โข Vaccines and Return to Normalcy
14/ 5๏ธโฃ Banking Crisis and Looming Risks ๐ด
โข Banks in the US are selling performing commercial property loans due to two main reasons: demand for the securities backed by these loans has fallen, high office vacancy rates
โข Banks in the US are selling performing commercial property loans due to two main reasons: demand for the securities backed by these loans has fallen, high office vacancy rates
15/
โข Retail and hospitality properties face similar problems with higher debt rates than office buildings.
โข Savers have switched from banks to money market funds
โข Retail and hospitality properties face similar problems with higher debt rates than office buildings.
โข Savers have switched from banks to money market funds
16/
โข The US Treasury is expected to issue a large number of securities in the coming months, which could lead to higher interest rates.
โข The Fed plan to sell assets after expanding its balance sheet in response to banks failure.
โข The US Treasury is expected to issue a large number of securities in the coming months, which could lead to higher interest rates.
โข The Fed plan to sell assets after expanding its balance sheet in response to banks failure.
17/ If you want to have an unparalleled edge to crypto alpha and macro views, then Iโve got it here for you.
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20/ I hope you've found this thread helpful.
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