Chang’s Thought(2024.04.12): Boring
Market BTC is still at the $70,000 level. Honestly, it’s amazing to be at this level even in the current macro environment. I am still evaluating this whole situation positively….
Market BTC is still at the $70,000 level. Honestly, it’s amazing to be at this level even in the current macro environment. I am still evaluating this whole situation positively….
Things certainly got a lot trickier for the Fed. Markets were dealt with a couple of uncooperative inflation prints, particularly with Wednesday’s CPI which showed core prices moving in the…
The full-scale higher-than-expected US CPI data yesterday (10 APR) dealt a heavy blow to the market. Specifically, the March CPI increased by 3.5% year-on-year, higher than both market expectations and…
Just before the release of the U.S. CPI data, the ten-year yield fell from a high of 4.40% to around 4.36%, with the two-year now at 4.741%. Investors are focusing…
Focus yesterday was all about positioning ahead of CPI, as Bloomberg reported that a record block future trade in SOFR futures right around the NY open. Prices rose / yields…