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 …

Markets Rally on Hopes for Fed Pause, Earnings Have Been Mixed

in Weekend Alpha

Markets had their best day since June in a furious rally that was led by Materials, Financials and Technology. This was the third positive week in a row, and the first three-week winning stretch all year. A Wall Street Journal article by Nick Timiraos renewed hopes that the Fed would back-off from its Old Testament approach to fighting inflation. Our …

Markets Have Wild Ride After Hot CPI Report

in Weekend Alpha

Well, that was a truly hectic week in markets. If you don’t like the direction prices are going, just wait a few minutes. The CPI came in hot. It was up 8.2% on a YoY basis and 0.4% for the month, which was above the 0.3% estimate. The report was ugly. Core inflation showed unexpected strength and went up 0.6% …

CR next deadline 12/16, Debates reviewed as midterms draw nearer

in US Policy

Congress will return after elections, facing tough decisions on the budget as the just passed CR expires on December 16. Will a Republican victory in either the House or Senate change the dynamics of the debate? Debates can have an impact on close races–below are the debates in some close Senate races Congress completed action on a short-term Continuing Resolution …

Risk Revolution: ETFs

October 13, 2022 in Signal from Noise

“Don’t look for the needle in the haystack. Just buy the haystack!” – John Bogle Disruption isn’t always achieved by shiny things; sometimes simple algebra will do. The Black-Scholes model revolutionized investing and made it so “one bad season doesn’t have to ruin the farm.” The risk management revolution Fisher Black, Myron Scholes and Robert Merton unleashed was one of …