Bi Weekly Market Review - Edition #8
Dear FOMOdrive community members,
Welcome to Edition #8 of our Bi-weekly Market Review 📰 covering the major market news from 16th - 30th September 📆. Don’t forget to check out the Learning Corner 🎓, where we've shared an Opinion piece from the Head of Index Research at CoinDesk Indices on how a Bitcoin ETF has “golden” parallels from history.
Major Market News
Crypto
- Valkyrie Gets Approval to Start Buying ETH Futures for Its Existing Bitcoin ETF (Coindesk 29 Sep)
- PayPal rolls out PYUSD stablecoin to Venmo users (Cointelegraph 20 Sep)
- Bitcoin breaks above $27,000 for the first time in September (CNBC 18 Sep)
Equities
- Dow posts worst day since March as long-term Treasury yields refreshes decade-high (Morningstar 26 Sep)
- Nvidia, other US chip stocks stall over valuation, industry worries (Reuters 21 Sep)
- Stocks fall, yields rise as central banks rattle markets (Reuters, 21 Sep)
- GM and Stellantis just laid off more than 2,000 additional workers because of the UAW’s strike (CNBC 20 Sep)
- SoftBank plans to ramp up AI investment activity (Axios 18 Sep)
Bonds and Interest Rates
- Global central banks unite in 'higher for longer' credo (Reuters 22 Sep)
- BOJ keeps ultra-loose policy, dovish guidance, yen skids (Reuters 22 Sep)
- 10-year yields hit 16-year peak as Fed seen higher for longer (Reuters 21 Sep)
- Fed Signals Higher-for-Longer Rates With Hikes Almost Finished (Bloomberg, 21 Sep)
- Fed Leaves Rates Unchanged, Signals Another Hike This Year (Bloomberg 18 Sep)
Commodities and FX
- Dollar Surge Is Bringing ‘Pseudo Tightening’ to Southeast Asia (Bloomberg Sep 28)
- U.S. Crude Oil Hits Highs of the Year (WSJ 28 Sep)
- FOREX-Dollar rides Treasury yields higher, yen battered (Reuters 27 Sep)
- FOREX-Yen under pressure as US Treasury yields push over-decade peaks (Reuter 22 Sep)
- Oil Steadies Near $95 (Bloomberg, 19 Sep)
- Hedge funds turn bullish on US Dollar (Bloomberg 18 Sep)
Learning Corner
Quote of the Day
“Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions”- Jeremy Grantham
Educational Spotlight
Opinion: A Bitcoin ETF Has Golden Parallels From History
We hope you found this edition of the Bi-weekly Market Review informative and useful. As always, we welcome your feedback.
Until next time. Stay informed The FOMOdrive Team
K33 Research calls for a “return to Bitcoin” again
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