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Hey Everyone,
Surprise!
Well, it's not much of a surprise to those of us who have been paying attention, but apparently, the predictions of more than a few economic forecasters were rendered inaccurate yesterday. ... |
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Even though some European economists may have been wishing for higher inflation, nobody is particularly happy about the latest numbers from the block, except those holding the euro and European stocks, since both are performing well today.
They don't usually move in tandem, so seeing these two assets display a positive correlation should probably raise a few questions.
For most of the last decade, we've seen markets move less on how fundamental factors affect valuation and more on the anticipation of how central banks might react to news updates and economic data.
This sort of data puts a lot of pressure on the policymakers working at the European Central Bank, who may need to consider taking their fingers off the printing button in order to calm inflation down.
Seeing stocks rise today despite the higher inflation and stronger euro, we can probably assume that investors are betting on the ECB not letting up so quickly. |
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Recommended reading
For further reading today, I'd like to warmly recommend a recent Cointelegraph article written by analyst Rachel Wolfson, in which she explores the various ways that crypto startups can help nudge regulation in the right direction. ... |
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In addition, I'm very pleased to present two articles that caught my interest recently.
The first piece is from analyst Jason Deane, in which he dispels some of Bitcoin's old myths given new information and recent updates.
The second is from Alexandre Lores, an analyst who focuses on NFTs. This particular article features LaVonne Idlette, an olympic athlete and real estate investor who has an interest in non-fungible tokens.
See you all tomorrow! |
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Mati Greenspan Analysis, Advisory, Money Management |
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