weekly-roundup

There’s lots of talk of an imminent Bitcoin spot ETF launch in the USA, assuming the regulator, the SEC, gives the green light. The crypto space sees this as a game changer as it will enable US financial institutions to invest in Bitcoin and crypto via the stockmarket. We

This week saw both the Bank of England and the Federal Reserve hold back on further interest rate hikes for the first time since the start of this cycle. It’s a big deal for the markets, and hopefully it brings relief. Interest Rates Pause No one knows what follows

I’ll be writing more about ByteTree’s Bitcoin and Gold Index (BOLD) next week for the end-of-month rebalancing report. Last month, the BOLD Index was rebalanced to Bitcoin’s highest-ever target weight of 25.5%, with Gold down to 74.5%. Following a great run for both assets, especially

US inflation expectations (breakevens) are rising again. This derives from the relationship between conventional bonds and inflation-linked bonds (TIPS). Breakevens are moving higher because conventionals are falling sharply while TIPS are more stable. TIPS have inflation protection built in, and so the resulting price difference reflects what investors expect inflation

US consumer price inflation rose to 3.7% (core 4.3%) against the Fed’s target of 2%. An American comedian posing as a Nobel Prize-winning economist, Paul Krugman, said that if you exclude food, energy, shelter and used cars, then inflation was below target. The trouble with Krugman’s

Over the past decade, the world’s automotive stocks have been valued at a trillion dollars up until the pandemic. Then, the central banks printed money like never before, and by late 2021, the value exploded to $2.5 trillion before settling back to $1.8 trillion today. The Top