Markets Down for The Week on Tough Talk From Fed But Bounce on Friday

in Weekend Alpha

“Whenever you find yourself on the side of the majority, it is time to pause and reflect.”- Mark Twain There’s a lot of complex jargon and intimidating math associated with markets, as there should be. When someone’s managing many billions of dollars, obviously you’re going to attempt to get the A-team on it and to have as much quantitative justification …

Markets Shrug Off Disappointment After Red Wave Fails to Materialize, Climb on Decelerated Inflation Numbers

in Weekend Alpha

We saw three major influences on the markets this week: the midterm elections, the weeklong drama around the collapse of cryptocurrency exchange FTX, and Thursday’s inflation-data releases. Ultimately, the market ended the week strongly. The SPX was up 5.88% for the week, the Nasdaq rose 7.78%, and Treasury yields fell, with the 10-year ending the week at 3.82%, down from …

Infrastructure is King

November 11, 2022 in Crypto Funding Friday

Funding was on par with last week’s levels, with the total amount rising modestly to $224 million from $222 million. Infrastructure deals claimed the lion’s share of deals and amount raised, representing 36% of deals and 71% of total funds raised. The majority was raised via two $70 million deals from Ramp and TRM Labs. Ramp Network is a crypto …

Semis, Semis Everywhere … Sometimes Too Much, Sometimes Not Enough

November 10, 2022 in Market Intelligence, Signal from Noise

“One day, semiconductor demand and supply will match up – for all of 30 minutes.”– attributed to Andy Grove, former CEO of Intel (1987 – 1998) It’s difficult to think of an aspect of our daily lives that doesn’t involve a semiconductor somewhere. From the device you’re using right now to read this to the refrigerator you’re about to raid …

Markets Rally Friday After Mixed Jobs Numbers, But Down on The Week After Hawkish FOMC Press Conference Prompt Rate Fears

in Weekend Alpha

Markets were down for the week after Wednesday’s FOMC meeting poured cold water on dovish hopes but rallied on Friday after mixed jobs data. Chairman Powell said that it was “premature” to consider a pause. Also, the Chairman specified he would prefer to overtighten, though he did not think they had done so yet, rather than take the pressure off …

Infrastructure and Gaming Lead the Way

November 4, 2022 in Crypto Funding Friday

This week, funding increased to $191 million from a measly $105 million last week. The bulk of fundraising came from the infrastructure and gaming sectors. Infrastructure has been the strongest category for most of the year, but gaming saw a notable increase, rising to $51 million from $15 million last week. Other categories, such as NFTs, Web3, DeFi, and CeFi …

What Does The Fed’s November Hike Mean For Markets?

in Fed Watch, Market Intelligence

“As investors, we also always have to be aware of our innate and very human tendency to be fighting the last war. We forget that Mr. Market is an ingenious sadist, and that he delights in torturing us in different ways.” – Barton Biggs The Federal Reserve held their highly anticipated November FOMC meeting on Wednesday. As expected, the world’s …

Market Has Strong Rally Despite Tech Earnings, Apple Holds The Line

in Weekend Alpha

Markets had their fourth consecutive weekly gain and showed stunning resilience in the face of headwinds. Markets rallied very strongly and closed at the highs of the day and the VIX went to the 25 handle. The Dow is on track for its strongest monthly performance since Gerald Ford’s presidency. The great debate on the Street is whether this is …

Funding Pulls Back Once Again

in Crypto Funding Friday

Funding this week fell once again, dropping from $191M to just $105M. Surprisingly, the bulk of this decline came from the infrastructure segment, which has generally been strong this year. Infrastructure funding fell from $142M to $35M, but still saw a fair number of deals, with seven of this week’s 17 deals being infrastructure-related. It’s important to note that the …

Holiday Retail Round-Up

October 27, 2022 in Signal from Noise

“Amateurs talk strategy, professionals talk logistics.” -Omar Bradley Mr. Bradley’s quote above may have become so frequently used as to border on aphorism. We recently penned an article that shows how disastrous poor logistical planning can be, even when done by otherwise highly competent folks like Napoleon Bonaparte. However, we thought we’d discuss it in a little more detail and …