Well, those following my channel over recent years will know that I have been quite skeptical of Crypto wave, and while Crypto has gone through several major drops in its history, this time could be different. I was not impressed with so called celebrities starting spruiking them, including Kim Kardashian, but when financial mainstream started getting involved, my concerned grew. In the US, Fidelity’s plans to offer Bitcoin in 401(k)s – their equivalent of superannuation – could impact an entire generation.
Its worth recalling the sector spiked to around $3 trillion in total assets last November, before plunging to less than $1 trillion, with Bitcoin and a range of altcoins plunging from record highs.
What started this year in crypto markets as a “risk-off” bout of selling fueled by a Federal Reserve suddenly determined to rein in excesses has exposed a web of interconnectedness that looks a little like the tangle of derivatives that brought down the global financial system in 2008. The collapse of the Terra ecosystem — a much-hyped experiment in decentralized finance — began with its algorithmic stablecoin losing its peg to the US dollar, and ended with a bank run that made $40 billion of tokens virtually worthless. Crypto collateral that seemed valuable enough to support loans one day became deeply discounted or illiquid, putting the fates of a previously invincible hedge fund and several high-profile lenders in doubt.
The recent crypto plunge, with Bitcoin down about 70% from its peak, is fueling widespread financial troubles for companies involved in the space. Lenders like Celsius Network, Babel Finance and Vauld have suspended withdrawals, while firms such as Coinbase Global Inc. are cutting jobs. This is what is now being called a crypto winter – but will spring ever come?
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Digital Finance Analytics (DFA) Blog
This Crypto Winter May Not Turn To Spring! [Podcast]
In our weekly market review, we survey trends in the US, then Europe, Asia, and Australia, as well a covering developments in Oil, Gold and Crypto. The main take-out is the continuing uncertainty pertaining to inflation, and interest rates, as well as conflict in Ukraine. The fallout is already significant, with global food prices reach a new all time high, the UN has reported.
The Dow ended higher Friday, but that wasn’t enough to prevent a weekly loss as tech snapped its winning streak under pressure from surging Treasury yields following further details on the Federal Reserve’s plan to rein in inflation.
Finally in Crypto, Bitcoin is nowhere near where it was just five months ago – at that time in November of 2021, the world’s number one digital asset was trading for about $68,000 per unit – the currency has managed to get itself out of the doldrums and spike into the mid to high $40,000 ranges, a solid improvement over the $37,000 it was trading for in mid-March.
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This last week could be one that many investors will want to forget, stocks, commodities, currencies, inflation, and the impact the Omicron variant are all in play. Importantly the yield curve is flattening, signalling an increased level of uncertainty, and as we will see, the future could be inflationary, deflationary, or just a muddle ahead.
Then US stocks fell sharply after the November jobs report missed expectations and as more cases of omicron were detected across the globe. The US economy added just 210,000 new jobs last month, well below economists’ expectations for 550,000 new jobs. That was its smallest gain this year
The latest edition of our finance and property news digest with a distinctively Australian flavour.
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Digital Finance Analytics (DFA) Blog
A Week Is A Long Time In These Crazy Markets! [Podcast]
This is an edited edition of our latest live Q&A as I discuss the latest issues in the Financial Markets and other asset classes.
CONTENT
0:00 Start 0:17 Introduction 3:49 Economic Update 6:38 Real unemployment 12:33 Payroll Down 18:33 The FED Is Already Squeezing 27:00 Market Update 30:35 How US Markets Hit Our Markets 42:21 First Home Buyer Deposits 53:00 NSW Stamp Duty Changes 54:47 Household Affordability 58:00 Property Listings 1:03:00 Rate Rises? 1:05:00 SMEs 1:08:48 Hedge Funds Buying Up Property 1:11:00 After A Crash 1:16:00 Under-performing Super 1:18:17 Precious Metals 1:20:00 Central Banks Inflation 1:22:00 Good Hedges 1:25:00 Risks And Can You Escape Them? 1:28:00 Going To Cash 1:30:30 Conclusions And Close
Note that Tony Locantro had to withdraw due to family issues which needed his attention.
The original stream with live chat is available at: https://youtu.be/qr5Mp7_JgfY
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Digital Finance Analytics (DFA) Blog
DFA Live Q&A: HD Replay: Investing Today [Podcast]
Tim Fuller, the Head of Advice At The Walk The World Fund, and Nucleus Wealth, discusses how to chart out lifestyle goals, with a view to a secure retirement. There is good news, and not so good news!
This is the third in his series on the “L’s” of Financial Planning.
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A written version is available at: https://nucleuswealth.com/articles/lifestyling-for-a-successful-retirement/
Tim Fuller, Head of Advice at Nucleus Wealth and I discuss the question of fees relating to financial advice, touching on the various structures and the evolution of the market.
Tim Fuller, Head of Advice at Nucleus Wealth and I discuss the whole question of Financial Advice, in the context of emerging regulation and digital migration.
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited version of our latest live show, where I discussed the latest market moves with Investment Manager Tony Locantro from Alto Capital. https://walktheworld.com.au/
0:00 Introduction 2:06 Tony Joins 6:06 Tony’s Presentation 38:46 How Stock Markets Work? 42:08 Perth Property 50:40 Price Rises Or Falls? 55:54 Future For Zinc And Cobalt? 59:56 Portfolio Construction 1:07:53 First Home Buyer Dilemma 1:13:25 Bitcoin 1:18:25 Perth Mint And Special Coins – Gold 1:22:00 Food Commodities 1:23:35 End Of March Deadlines 1:26:25 Outlook 1:29:24 Close
Digital Finance Analytics (DFA) Blog
DFA Live Q&A HD Replay - Tony Locantro: Where Are We Now? [Podcast]
