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All researchThe sharp rise in yields has created a great deal of uncertainty among market participants. On the one hand, asset managers are holding one of their largest net long positions in 10-Year Treasury futures in history (from Bloomberg)…
Read articleThe big story this month was the rise in longer-term Treasury yields (interest rates) following Fitch Ratings’ downgrade of the U.S. credit rating. The yield on 10-Year Treasury Notes – in both nominal and “real” (accounting for inflation) terms – hasn’t been this high since the Great Financial Crisis (from Charlie Bilello via Twitter)…
Read articleHistory suggests Bitcoin is likely to trade well into six figures before this cycle peaks (from ChartsBTC via Twitter on July 28)…
Read articleBig 4 accounting firm KPMG says Bitcoin meets the definition of an “ESG asset” (from Sam Callahan via Twitter on August 2)…
Read articleThe current Bitcoin bear market has already been worse than those of 2015 or 2018 (from Will Clemente via Twitter on August 3)…
Read articleAugust and September have historically been negative for Bitcoin (from Timothy Peterson via Twitter on August 7)…
Read articleEthereum’s “lowest price forward” is painting a bullish picture today (from Timothy Peterson via Twitter on August 9)…
Read articleMost Westerners don’t fully appreciate the value of Bitcoin today… but they likely will in the years ahead (from Sam Callahan via Twitter on August 12)…
Read articleBitcoin is even scarcer than you probably realize (from Bitcoin_apex via Twitter on August 13)…
Read articleThis is what drives Bitcoin’s “parabolic” rallies (from Joe Burnett via Twitter on August 14)…
Read article“On-chain” data show 75% of all Bitcoin in circulation is held by long-term holders (LTH). The last time this was the case was in late 2015, when Bitcoin went on to soar nearly 8,000% over the next two years (from Root via Twitter on August 14)…
Read articleWall Street’s Worried About Rising Yields (But We’re Not)
Read articleBitcoin Bonds
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Read articleThe Only Number Fed Chairman Jerome Powell Cares About
Read articleExpect More Upside Now That Rate Hikes Are “Over”
Read articleSeveral highly reliable signals suggest a recession is imminent. The Institute of Supply Management (ISM) Purchasing Managers Index (PMI) fell to 46 in June. Over the last 70 years, similar levels have indicated the U.S. was already in a recession with very few false positives (from Charlie Bilello via Twitter on July 3)…
Read articleAnd as Michael Kantro – Chief Investment Strategist at investment bank Piper Sandler – reminds us, every impending recession looks like a “soft landing,” until it doesn’t (from Kantro via Twitter on July 22)…
Read articleThe LEI has also now contracted for 15 consecutive months, a streak that has only occurred twice before: during the severe recession of 1973-1974 and the Great Financial Crisis of 2007-2009 (from Liz Ann Sonders via Twitter on July 21)…
Read articleThe Federal Reserve’s preferred measure of the U.S. Treasury yield curve has never been this inverted without a severe recession following (from Ian Harnett via Twitter on July 5)…
Read articleThe Conference Board’s Leading Economic Index (LEI) – which tracks a basket of indicators whose changes tend to precede changes in the real economy – also declined again in June, bringing its current “peak-to-trough” drawdown to -9.9%. Since 1960, contractions of this magnitude have only occurred when the economy was already in a recession (from Liz Ann Sonders via Twitter on July 21)…
Read articleU.S. households’ net worth is declining sharply for only the second time in 35 years (from Game of Trades via Twitter on July 7)…
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