Author Archives: Andreas Koudellou
Fed tightening expectations climbed following decent jobs report. The market is now pricing for the Funds Rate to be 3.48% on 12/22. A 75bp hike on 7/27 is widely assumed. We are in Europe where the Euro has fallen to parity w the USD. Germany’s econ situation is stable for now. The Nord Stream 1Continue reading “Summer 2022.”
Freshly squeezed markets.
No- shares of GME won’t be money of the future. Some “free” trading apps are perhaps undercapitalized for their business model. Operational risk is real.
Coinbase files for IPO.
Coinbase has submitted a draft registration (Form S1) with the Securities and Exchange Commission. Bitcoin nearly breached $24k today. Coinbase was last valued at $8B During a private funding round in 2018.
Hey guys, Bitcoin has become more mainstream now that Paypal has announced that it will accept the cryptocurrency as a means of payment. BTC is rising in along with the volume of negative yielding debt. Negative yields are good for Bitcoin. Biden is leading Trump by 10 points in final days before election. 6/10 votersContinue reading “Weekend update.”
Swiss National Bank is one of the leading tech investors globally.
28% of SNB’s Equity portfolio is allocated to tech stocks. With holdings in Apple ($6.3bn) & Microsoft ($5.8bn).
Recent USD weakness.
The Euro has hit 1.20 against the USD, for the first time since May 2018. However, the Euro cannot be credible alternative without a fiscal & banking union.
Try to relax.
Covid-19 is proof that life is short and unpredictable. Anything can change from one day to the next. Our health, wellbeing, wealth and job security can all be destroyed without a moment’s notice. What we think is ours for life is really just borrowed time.
The desolate streets of New York during COVID-19.
6:30 PM on a wed.