Today was a gas! the friday special with the market report as usual, an appearance from Mika, and farokh with all the vibes. GM! Hosted on Acast. See acast.com/privacy for more information. https://linktr.ee/rugradio
Market is back open after being closed for July 4th yesterday, and things are unchanged for the most part. Oil prices are rising a little bit, likely on the back of the Ukrainian power plant news. Crypto had a pullback over night with Bitcoin dropping back below $31,000. OSF points out that the chartists were incorrect again, and we didn't see the expected rally after breaking that level. Be wary of the chart and those who live and trade by them. Mando imagines that we could be locked in these p...
It’s been looking rather rosey in traditional markets. Friday markets closed higher on both the Nasdaq and S&P, and today things are unchanged but nothing is expected as tomorrow is the 4th of July, a national holiday in the US. Friday is the US payrolls number, so watch out for that as the reports have come in above expectations previously. Crypto is doing well with Bitcoin sitting around $31,000 and ETH sitting in the $1,900 range. Coinbase stock is up 28% on the week. BlackRock's ETF fill...
Traditional markets and equities haven't seen a major move either with the Nasdaq down slightly. Interest rates had a pretty big move after Powell spoke yesterday alluding to further rate hikes this year. This is opposite of what people were expecting, with the last bit of shared info pointing to a pause on hikes. Crypto is rallying today after the lull yesterday. BTC is at $31.5k and ETH is at $1830. The general consensus is if Bitcoin breaks past 31k there will be a rally up, but it's all spec...
Strong day in macro which supported the move up for traditional markets. Some talk of a ban on crypto in china has led to some false news and misplaced FUD. Saylor is buying bitcoin again, and has bought $350 million worth of bitcoin over the past 3 months as an ongoing buyer of bitcoin year over year. This recent acquisition in the given time period is the equivalent of buying 200 Bitcoin per day! The rumor making the timeline is that he pushed Bitcoin to 31k, but it just isn't possible given t...
Traditional markets are seeing a bit of bounce. We lost some ground yesterday but things are back up today. Interest rates haven't been moving much and OSF thinks we won't see much activity over the next few months given the recent stance of the Fed. Rumors of Fidelity filing for a BTC ETF seem to be true. There was also some positive news around Coinbase and Blackrock collaborating in some capacity, and Coinbase’s stock has seen some positive movement as a result. Macro data points are becoming...
Today was our host Mando's birthday so he was out enjoying the sun and touching grass. Our other host osf had obligations as well so we were joined by the legendary Michaela who brought the vibes. The feature of today's show was DEM from Azuki sharing a stage with us. Azuki is currently holding an event in Las V Vegas, NV with over 20 different individual events all tied to the community. Our very own Threadguy and Leap are running around the city and being documented by Jordan. GM! Hosted on Ac...
Stuff just went absolutely insane after the close of the show yesterday. BTC peaked at nearly 31k and ETH went up to $1830. Many other alts are seeing movement, with the two major coins seeing the most positive action. Mando is still looking to dips in ETH & BTC vs loading up on an alt. Tokenization could be a 5 trillion dollar industry according to Bernstein! A crazy sentiment to hear, and it's following the Blackrock and other funds etc efforts. Stocks and Bonds are now seeing weakness and...
Very interesting 24 hours in Macro; What we've seen is some weakness in stocks after successive days of positive action, as well as some decoupling of stocks from crypto, with little apparent correlation. It seems to be moving on its own without any link to the macro environment. The headlines when we hit the local lows recently have led to many large investment firms following suit with Blackrock's attempt to create an ETF for Bitcoin. There have been some very strong pushes into the crypto mar...
GM Web3 ☀️Recap - Jun 20, 2023 Degenz Market Report by @osf_rekt and @rektmando Markets are opening lower with the S&P and the Nasdaq down almost 1% after yesterday's market close. Equities are hovering within a similar range that they have been. This is just a quiet time period in between the FOMC and the next major events Bitcoin dominance went up slightly and almost hit 27k, but it has fallen short. ETH was at 1830 last time we saw Bitcoin at 27k, showing the continued weakness in Ethereu...
GM Web3Recap - June 19, 2023 Degenz Market Report by @osf_rekt and @rektmando Kind of quiet with equities being sworn over the past few opens and today is Juneteenth, so traditional markets are closed. We had a bounce back in crypto on Friday with BTC in the 26k range and ETH is sitting in the mid 1700's. The fact that Bitcoin ended higher on the close of the week last night is a good look. Although Ethereum was not named as a security, there are still questions to be answered regarding regulati...
equities are really strong "like bull" as of late. Stoke are up again today even if on ly slightly. This has been a monster mover nearly 10-15% up on the month. WE saw a bit of a bounce with crypto yesterday being led by Bitcoin. It does feel like there is a lot of shorting going on in crypto and TA is pushing a bearish narrative. With stocks pushing we are all hoping for crypto to follow suit and perhaps it will once things level out. OSF pointed out that people are calling this a bear market s...
GM Web3 ☀️Recap - June, 14 2023 Degenz Market Report by @osf_rekt and @rektmando Another day of stocks up higher! Interest rates did sell off a little bit yesterday, possibly due to inflation numbers being priced in, but they did rebound already. Crypto had a very small bounce with BTC up to 26k and ETH in the same $1700 range. FOMC is today, if they pause rates this will be the first shift after many many months. The market is pricing in rate cuts for q4, although the FED has said otherwise in ...
Inflation was the big topic today with CPI coming at 4% vs expectations of 4%, down from 4.9% compared to last month. This marks the 12th month in a row of inflation marching lower, which is a great sign Stocks are up on both the Nasdaq and S&P, while rates sold off again. Crypto saw a pump off of the lows before selling off, returning to yesterday’s levels. FOMC is tomorrow, which is in sync with Rekt Radio as per usual. Will we be rekt or recover? NFTs Tons of Bored ape sales happened, and...
There is a lot happening. Macro is very very strong, and we’re at YTD highs with interest rates and equities almost in a price discovery phase. CPI is coming in tomorrow which will be a big number; if we are in line or beat, there will likely be a rally. We are also nearing the end of the FOMC which will reveal the plans of the Fed going forward and shape the latest market narrative. Crypto is not following suit. Everything is hunched and/or going lower with Bitcoin dropping into the 25k range, ...
No Farokh today, just our two Macro wizards! Decent day in equities, Nasdaq is approaching ytd high interest rates are offf the highs. Interestingly enough Crypto does not want to follow the macro trends.This is the fifth or sixth time we are not seeing crypto follow in tow of traditional market rallies. Apple has been in the headlines, and there is movement but crypto has just not caught wind. At this point we should hope that crypto is decoupling a bit, in this position if we see a major macro...
Todays episode was more of a conversational reflection on being a founder in the space. Yesterday there was a ton of FUD surround Kevin Rose and the moon birds community, part of which was prompted by KRO himself, when he posted a tweet (now deleted) saying FUD ME. The talk was quality and a great listen for all participants, especially fellow founders. Luca Nets joined in the banter as he was mentioned during Kevins onslaught. We also had a "first time founder" on with Road Hounds who shared hi...
Not much to report today because traditional markets are CLOSED. The debt ceiling deal reached a resolution, nobody is shocked. Crypto pumped a bit on the back of it, ETH hit $1900 and Bitcoin is bordering 28k. OSF imagines we could still see a rally when markets open up. We have Payrolls and the FOMC in the coming weeks, following some good headlines we could be in store for some positive movement. The chartists have had their predictions dissolved with the upwards price action. Our pro's talk ...
GM Web3 ☀️Recap - May 26, 2023 Degenz Market Report by @osf_rekt and @rektmando Another good day for stocks today with the S&P up 1% and the Nasdaq up 1.5%. Interest rates are heavy and were up almost 1.6% on 2 yr treasury. OSF thinks this may be due to PCE numbers coming in properly, as well as some constructive talk around the US debt issue. Interest rates have sold off for basically the past two weeks with stocks rallying which is inverse from the norm. Crypto is up slightly but still lag...
A good start to the day for equities with the Nasdaq up on the back of NVIDIA earnings; this seems to be a direct result of AI income. Their market cap appears to have reached 1 trillion!? As a result of Nvidia, tech stocks are up roughly 2%. Notable mention that the CTO of NVIDIA was also quoted earlier this year saying crypto doesn't offer anything useful. Crypto bounced slightly in line with tech stocks but not really a noteworthy move price wise. We saw a move lower with Miladys, due to the ...
Traditional markets are not off to a great start today. The 21 day treasury auction ended yesterday at a yield of 6.2%, due to a lack of resolution about the debt ceiling talks. The auctioned bills are set to reach maturity around the "X-date", when the Treasury expects the government to no longer be able to pay its debts if Congress doesn't reach a deal. As the end of the month approaches the fear is escalating and the talk is getting louder. Bitcoin is down to $26.8k and the ETH is down to $1,...
Stocks are down and interest rates are up to nearly 4.4% on 2yr treasuries, which is the highest it's been since march. The US debt ceiling conversation is stirring up emotions and talk around markets, causing general fear. Crypto is up a slight bit and looking strong with BTC around $27.3k and ETH around $1850, while alt coins are not following suit. The layer 2 story is still a strong narrative but all of the layer 2 coins are not doing well price-wise. A new issue for other chains is that Bit...
Equities are holding steady, after experiencing a minor dip on Friday before rebounding to previous levels. Meanwhile, interest rates have seen a significant sell-off, with a substantial 70 basis point movement since the introduction of the banking crisis a few months ago. The current buzz revolves around discussions regarding raising the US debt ceiling, though OSF highlights that this topic has been extensively discussed in the past without any tangible actions taken. Crypto has been quiet wit...
Pretty benign start in all things in macro. There was some better rhetoric between McCarthy and Biden around the US defaulting, which seems to have had a positive outcome for stocks. Crypto saw a slight dip on the majors and while writing we are seeing some active movement in prices. This is a time when we might see some volatility, the bears are calling for a dump based on technicals, but the debt deal will be a huge factor in how things play out with a hard stop this weekend on getting the dea...
Equities were up on close yesterday, but we have given back some of the gains today with Interest rates also rising slightly. Today we had the reported retail sales number come in at 0.4% which was below expectations of 0.8%. Crypto is also fairly unchanged, BTC above 27k and ETH has been holding in the $1800 range. $APE saw a positive reaction to the HVY-MTL rollout, but is still in the mid $3 range. There is a loom and doom narrative of the US running out of money and hitting the debt limit ar...
Traditional markets again don’t have much to report. We have been edging a bit higher in 10yr and 2yr treasuries for interest rates, but still nothing significant. The next big thing is Payrolls and then the next CPI report, so there is a timeframe here without any scheduled major events. Crypto bounced off the lows across the major coins and alts also, we could be starting to see a small rebound, but nothing notable and very few violent swings, which may be comforting for most bag holders. BTC ...
Traditional markets moved up a bit but came back down already, with interest rates reversing some of the gains as well. BTC and ETH have both seen a dip, ETH dipped to the 1700's and BTC has fallen 5% which is a major move for our number 1 coin.Mando thinks this price action is a result of a technical sell off. The charts are driving certain trading habits and the narratives being pushed around these charts and trades. It's a quieter day in NFTs than it was yesterday. Miladys continue to dominat...
GM Web3 ☀️Recap - May 11th, 2023 Mixed markets today with stocks unchanged, but there was a big rally in interest rates which are up from 4.6% yesterday. PPI came in today lower than expectations at 2.3%, yet another positive data point for inflation. Crypto is showing some weakness with red across the charts. OSF is unsure as to why this drop off is happening in crypto and imagines if CPI came in higher than expectations we might have seen a ramp up instead of this. Bitcoin is getting hammered,...
CPI came in today at 4.9% vs 5% expectations which spells out yet another move lower, all around positive for markets. Stocks are up about 1-1.5% move higher with interest rates also moving a bit on the news. Crypto is doing ok, BTC is back in the 28k range and ETH is in the 18's which seems to be its stability level these days. The headlines are stirring things up by pointing to the central bank's goal of 2% for CPI not being reached. The reality is that it's a win to come in below expectations...
Not a ton to report on traditional markets, starting the day a bit lower with .05% dip on the S&P. Interest rates selling off in preparation for tomorrows Data point. OSF imagines the risk is skewed towards the downside with the CPI number, no matter where it comes in at. Crypto has had some difficulty holding onto local levels. Some of the alts like $MATIC and $MAGIC are in a slump and being majorly outperformed by ETH itself which is up nearly 55% on the year. The concept of digital gold i...
